$500 million JPMorgan Chase loan recorded on Murphy subdivision lot

VB MC LLC recorded a deed of trust in Collin County on Nov. 2 securing a loan of up to $500 million, with JPMorgan Chase Bank, N.A. named as beneficiary. The pledged property is Lot 9, Block B of Enclave at Maxwell Creek Phase 1 in Murphy, a lot VB MC LLC bought from DHIR DFW East I LLC under a deed dated Oct. 20.

Why it matters

The borrower is new. Texas Comptroller franchise tax records show VB MC LLC was formed on May 5, 2026, with an address on Bryan Street in downtown Dallas. Neither county index entry names an operating company behind it. For land sellers, builders and lenders in Dallas-Fort Worth, a $500 million ceiling now sits on the public record against a lot in a new Murphy subdivision, and the company drawing on that money has not been identified.

The numbers

The deed of trust is dated Oct. 28 and was recorded Nov. 2. Its text states that lenders made a loan to the borrower in a maximum principal amount of up to $500 million. The acquisition deed is dated Oct. 20 and was recorded Oct. 30, conveying Lot 9, Block B from DHIR DFW East I LLC to VB MC LLC. Texas deeds carry no sale price, so the lot’s purchase price is not on the record. The deed of trust also does not show how much of the $500 million has been drawn.

What’s next

The record does not show what other collateral backs a loan of this size or where the rest of it sits. The next filings to watch are additional deeds of trust naming VB MC LLC in Collin or neighboring counties, further deeds from DHIR DFW East I LLC in the same subdivision, and any Comptroller public information report naming the borrower’s officers.