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Foreclosure Notice*
Doc# 20260900361 08/11/2026 12:13 PM Page 1 of 5 Lucy Adame-Clark, Bexar County Clerk
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NOTICE OF TRUSTEE’S SALE AND
APPOINTMENT OF SUBSTITUTE TRUSTEE
STATE OF TEXAS §
§ | KNOW ALL PERSONS BY THESE PRESENTS
COUNTY OF BEXAR §
WHEREAS, THE STERLING AT CASTLE HILL SA LLC, a Delaware limited liability
company (“Borrower”), became indebted to Arbor Realty SR, Inc., a Maryland corporation
(“Lender”), pursuant to the terms of a certain Loan Agreement (as may be amended from time to
time, the “Loan Agreement”) and as evidenced by that certain Promissory Note dated January 20,
2022 in the principal amount of SIMTY MILLION FIVE HUNDRED THOUSAND and NO/100
DOLLARS ($60,500,000.00) (the “Promissory Note”), executed and delivered by Borrower to the
order of Lender, as payee, bearing interest and being due and payable as therein provided, and said
Promissory Note and all liens, security interests and assignments securing same having been
assigned to ARBOR JPM FUNDING, LLC, a Delaware limited liability company (the “Holder”);
WHEREAS, the indebtedness evidenced by the Promissory Note is secured by, among
other things, certain liens, security interests and assignments, evidenced by, among other things,
that certain Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing
dated January 20, 2022, naming Peter Graf as Trustee for the benefit of Lender and/or its assigns,
duly recorded on January 20, 2022, as Instrument No. 20220016290 of the Official Public Records
of Bexar County, Texas, as amended and restated by that certain Amended and Restated Fee and
Leasehold Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing,
dated January 27, 2025, and recorded on January 30, 2025, given by (i) The Sterling at Castle Hills
SA LLC, as leasehold grantor, and (it) The Cameron County Housing Finance Corporation, as fee
grantor, naming Jay C. Paxton as Trustee, for the benefit of Holder, as Instrument No.
20250016992 of the Official Public Records of Bexar County, Texas (as amended and restated,
the “Deed of Trust”), covering the property described in Exhibit A attached hereto and made a
part hereof by reference for all purposes, together with all appurtenances, buildings, structures,
fixtures, personal property, and improvements on, in and under said real property, including
without limitation any and all rights to the present or future use of wastewater, wastewater
capacity, drainage, water or other utility facilities to the extent same pertain to or benefit all or any
portion of said real property, including without limitation all reservations or commitments or
letters covering any such use in the future, whether now or hereafter acquired, and any leases and
rents relating thereto, which are described therein (all of which is hereinafter referred to as the
“Property”);
WHEREAS, the Promissory Note and the Deed of Trust and all other documents securing
the Promissory Note are now held by the Holder (hereinafter referred to as “Beneficiary”), having
an address c/o Sheppard Mullin, Richter & Hampton LLP, 2200 Ross Avenue, 20" Floor, Dallas,
Texas 75201;
WHEREAS, events of default have occurred as a result of the Borrower’s failure to make
the required monthly payments on the Loan due on the Payment Dates under the Loan Agreement
and Promissory Note, with the performance of such payment obligations and indebtedness being
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secured by the Deed of Trust, and because of such default, Beneficiary, as the owner and holder
of the Promissory Note and the Deed of Trust, has requested Substitute Trustee to sell the Property;
WHEREAS, to the extent the Deed of Trust encumbers both real and personal property,
formal notice is hereby given of Beneficiary’s election to proceed against and sell both the real
property and any personal property described in the Deed of Trust in accordance with Beneficiary’s
rights and remedies under the Deed of Trust and Section 9.604(a) of the Texas Business and
Commerce Code;
WHEREAS, pursuant to the authority granted in the Deed of Trust and in accordance with
the Texas Property Code, Beneficiary has appointed each of the undersigned as “Substitute
Trustee” under the Deed of Trust pursuant to duly authorized and executed appointment document;
WHEREAS, Beneficiary has requested the undersigned Substitute Trustee to enforce the
hens of the Deed of Trust by sale of the Property in the manner set forth under the terms of the
Deed of Trust and pursuant to applicable Texas law; and
WHEREAS, the undersigned, Substitute Trustee, acting upon the request of said
Beneficiary, by these presents is hereby posting, filing and giving notice of the foreclosure of the
Deed of Trust and the lien thereof in accordance with applicable Texas law and the terms and
provisions of the Deed of Trust.
NOW, THEREFORE, pursuant to authority conferred upon each of us by the Deed of
Trust, we, the undersigned duly appointed Substitute Trustee under said Deed of Trust or another
such duly appointed Substitute Trustee or Successor Substitute Trustee under said Deed of Trust,
having an address c/o Sheppard, Mullin, Richter & Hampton LLP, 2200 Ross Avenue, 20" Floor,
Dallas, Texas 75201, in order to satisfy the indebtedness secured thereby and at the request of
Beneficiary, the owner and holder of said indebtedness, default having been made in the payment
of the Promissory Note and said indebtedness and/or default having been made under the
covenants set out in the said Deed of Trust, will sell the Property on Tuesday, September 1, 2026,
at a time commencing not earlier than 10:00 AM and no later than 1:00 PM, to the highest bidder
for cash (except that Beneficiary’s bid may be by credit against the indebtedness secured by the
lien of the Deed of Trust) at the area designated by the Bexar County Commissioner’s Court as
the area where non-judicial foreclosures shall take place, and more specifically the west side of
the Bexar County Courthouse located at 100 Dolorosa, San Antonio, Texas, 78205, pursuant to
Section 51.002 of the Texas Property Code, as the area where non-judicial foreclosures shall take
place.
THE SALE OF THE PROPERTY IS “AS JS” AND “WHERE IS” AND WITHOUT
REPRESENTATION OR WARRANTY OF ANY KIND BY THE SUBSTITUTE TRUSTEE(S),
EXPRESS, IMPLIED, STATUTORY, QUASI-STATUTORY OR OTHERWISE, ANY
WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE
BEING EXPRESSLY DISCLAIMED. NEITHER THE HOLDER OF THE PROMISSORY
NOTE NOR THE SUBSTITUTE TRUSTEE(S) MAKE(S) ANY REPRESENTATIONS OR
WARRANTIES WITH RESPECT TO COMPLIANCE WITH LAWS, RULES, AGREEMENTS
OR SPECIFICATIONS, NOR WITH RESPECT TO CONDITION, QUALITY, CAPACITY,
DESIGN, OPERATION, ABSENCE OF ANY LATENT DEFECTS OR ANY OTHER
-2-
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WARRANTY OR REPRESENTATION WHATSOEVER WITH RESPECT TO THE
PROPERTY, ALL OF WHICH ARE EXPRESSLY WAIVED BY PURCHASER.
PURSUANT TO SECTION 51.0075(A) OF THE TEXAS PROPERTY CODE, SUBSTITUTE
TRUSTEE RESERVES THE RIGHT TO SET FURTHER REASONABLE CONDITIONS FOR
CONDUCTING SUCH SALE CONTEMPLATED BY THIS NOTICE. ANY SUCH FURTHER
CONDITIONS SHALL BE ANNOUNCED BEFORE BIDDING IS OPENED FOR THE FIRST
SALE OF THE DAY BY SUBSTITUTE TRUSTEE.
ASSERT AND PROTECT YOUR RIGHTS AS A MEMBER OF THE ARMED FORCES OF
THE UNITED STATES. IF YOU OR YOUR SPOUSE IS SERVING ON ACTIVE MILITARY
DUTY, INCLUDING ACTIVE MILITARY DUTY AS A MEMBER OF THE TEXAS
NATIONAL GUARD OR THE NATIONAL GUARD OF ANOTHER STATE OR AS A
MEMBER OF A RESERVE COMPONENT OF THE ARMED FORCES OF THE UNITED
STATES, PLEASE SEND WRITTEN NOTICE OF THE ACTIVE DUTY MILITARY SERVICE
TO THE HOLDER IMMEDIATELY.
THIS INSTRUMENT APPOINTS THE SUBSTITUTE TRUSTEE(S) IDENTIFIED
BELOW TO SELL THE PROPERTY DESCRIBED IN THE SECURITY INSTRUMENT
IDENTIFIED IN THIS NOTICE OF SALE THE PERSON SIGNING THIS NOTICE IS
THE ATTORNEY OR AUTHORIZED AGENT OF THE MORTGAGEE OR
MORTGAGE SERVICER.
[SIGNATURE PAGE FOLLOWS]
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In accordance with Section 51.0076 of the Texas Property Code, the undersigned attorney has
named and appointed, and by these presents does name and appoint the following attomeys at law
as Substitute Trustee to act under and by virtue of said Deed of Trust:
~ AMANDA COTTRELL
CHRISTINA KOENIG
KELLY VAZHAPPILLY
MARISSA BAIRD
LAURYN VIGIL
GRAYDON COWAN
CHARLES SPIEGEL
EXECUTED AND EFFECTIVE AUGUST 11, 2026.
and Bipot
Sheppard, Mullin, Richter & Hampton LLP
2200 Ross Avenue, 20" Floor
Dallas, Texas 75201
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EXHIBIT A
LEGAL DESCRIPTION
LOT 48, NEW CITY BLOCK 11688, LINCOLN VILLAGE SUBDIVISION, CITY OF SAN
ANTONIO, BEXAR COUNTY, TEXAS, ACCORDING TO MAP OR PLAT THEREOF
RECORDED IN VOLUME 9501, PAGE(S) 219 & 220 OF THE DEED AND PLAT RECORDS
OF BEXAR COUNTY, TEXAS.
FILE INFORMATION
Document Number: 20260900361
Date/Time: 8/11/2026 12:13:08 PM
Total Pages: 5
FILED IN THE OFFICIAL PUBLIC
RECORDS OF BEXAR COUNTY
LUCY ADAME — CLARK
BEXAR COUNTY CLERK
Total Fees: $2.00
EXHIBIT A