Foreclosure Notice*
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NOTICE OF SUBSTITUTE TRUSTEE’S SALE
STATE OF TEXAS §
§ KNOW ALL PERSONS BY THESE PRESENTS
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WHEREAS, RESIDENCES AT SA MED LLC, a Delaware limited liability company
(“Borrower”), became indebted to Arbor Realty SR, Inc., a Maryland corporation (“Original
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 February
14, 2022 in the principal amount of TWENTY-SIX MILLION SIX HUNDRED FIFTY
THOUSAND and NO/100 DOLLARS ($26,650,000.00) (the “Promissory Note”), executed and
delivered by Borrower to the order of Original 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 REALTY COMMERCIAL REAL
ESTATE NOTES 2022-FL1, LTD., an exempted company incorporated in the Cayman Islands
with limited liability (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 February 14, 2022, naming Sam Smith as Trustee, for the benefit of Original Lender and/or
its assigns, as mortgagee and beneficiary, duly recorded on February 14, 2022, under Document
No. 20220037759 in 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 February 14, 2025, and recorded February
14, 2025, given by both (i) Residences at SA Med LLC, as leasehold grantor, and (ii) The Cameron
County Housing Finance Corporation, as fee grantor, naming Jay C. Paxton as Trustee, for the
benefit of Holder, as mortgagee and beneficiary, under Document No. 20250027053 in the Official
Public Records of Bexar County, Texas (as amended and restated, the “Deed of Trust’);
WHEREAS, the Deed of Trust covers all of 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, for the avoidance of doubt, the Property includes, without limitation, that
certain Fee Premises (defined below) owned by The Cameron County Housing Finance
Corporation, and that certain Leasehold Estate (defined below) owned by Borrower, as follows:
(i) The Cameron County Housing Finance Corporation, as fee interest grantor
and mortgagor, pursuant to that certain Special Warranty Deed dated and recorded
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on February 14, 2025, under Document No. 20250027049, in the Official Public
Records of Bexar County, Texas, by and between Residences at SA Med LLC, as
grantor, and The Cameron County Housing Finance Corporation, as grantee (such
fee interest, the “Fee Premises”); and
(ii) Residences at SA Med LLC, as leasehold interest grantor and mortgagor,
pursuant to that certain Ground Lease executed on February 14, 2025, by and
between The Cameron County Housing Finance Corporation, as landlord, and
Residences at SA Med LLC, as tenant, and memorialized by that certain
Memorandum of Ground Lease executed effective and recorded on February 14,
2025, under Document No. 20250027050, in the Official Public Records of Bexar
County, Texas (such leasehold interest, the “Leasehold Estate”);
WHEREAS, the Promissory Note and the Deed of Trust and all other documents securing
the Promissory Note are now held by the Holder (hereinafter also sometimes referred to as
“mortgagee” or “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
secured by the Deed of Trust;
WHEREAS, because of such defaults, Beneficiary, as the owner and Holder of the
Promissory Note and the Deed of Trust, has requested Substitute Trustee to sell the Property, and
Beneficiary reserves the right, in its sole discretion and as permitted by the Deed of Trust and
applicable law, to direct the Substitute Trustee to sell: (a) the Property in its entirety, (b) the Fee
Premises only, (c) the Leasehold Estate only, or (d) any other portion or portions of the Property,
in each case together or separately, in one or more parcels, and in such order as the Beneficiary
may elect;
WHEREAS, if and to the extent less than all the Property is sold at foreclosure sale, the
Deed of Trust shall continue as a Lien (as defined in the Deed of Trust) and security interest on
the remaining portion of the Property, unimpaired and without loss of priority, and Beneficiary
reserves all rights in connection with such remaining portion of 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 that certain Notice
of Trustee’s Sale and Appointment of Substitute Trustee, as duly filed on August 11, 2026, under
Document No. 20260900362, in the Office of the County Clerk, all in accordance with the Texas
Property Code, Beneficiary has appointed each of the undersigned as “Substitute Trustee”;
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WHEREAS, Beneficiary has requested the undersigned Substitute Trustee to enforce the
liens of the Deed of Trust by sale of the Property, in whole or in part, 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, or such portion or portions
thereof as Beneficiary may elect as provided herein, on Tuesday, October 6, 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.
Beneficiary’s election as to which portion(s) of the Property will be offered, whether any portions
will be offered separately or together, and the order in which they will be offered, will be
announced by Substitute Trustee at the sale before bidding is opened. Beneficiary reserves the
right to withdraw all or any portion of the Property from the sale, to postpone or cancel the sale,
and to re-notice the sale of any portion of the Property not sold. No sale of the Fee Premises or the
Leasehold Estate shall effect a merger of the fee and leasehold estates, and the lien of the Deed of
Trust shall continue unimpaired as to any portion of the Property not sold.
THE SALE OF THE PROPERTY IS “AS IS” 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
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
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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 ARE 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 SENDER OF THIS NOTICE IMMEDIATELY.
THIS INSTRUMENT IDENTIFIES THE APPOINTED SUBSTITUTE TRUSTEE(S)
AUTHORIZED TO SELL THE PROPERTY DESCRIBED IN THE SECURITY
INSTRUMENT AND DEED OF TRUST 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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SUBSTITUTE TRUSTEES
Each of the following persons was previously appointed as Substitute Trustee under the Deed of
Trust, in accordance with Sections 51.0075 and 51.0076 of the Texas Property Code and the Deed
of Trust, by that certain Notice of Trustee’s Sale and Appointment of Substitute Trustee filed on
August 11, 2026, under Document No. 202609003621, in the Office of the County Clerk of Bexar
County, Texas. Said prior appointment remains in full force and effect, and each Substitute Trustee
may act alone and without the joinder of any other:
AMANDA COTTRELL
CHRISTINA KOENIG
KELLY VAZHAPPILLY
MARISSA BAIRD
LAURYN VIGIL
GRAYDON COWAN
CHARLES SPIEGEL
each having a street address of c/o Sheppard, Mullin, Richter & Hampton LLP, 2200 Ross Avenue,
20th Floor, Dallas, Texas 75201.
EXECUTED AND EFFECTIVE SEPTEMBER 15, 2026.
Amanda Cottrell
Sheppard, Mullin, Richter & Hampton LLP
2200 Ross Avenue, 20" Floor
Dallas, Texas 75201
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EXHIBIT A
LEGAL DESCRIPTION
LOT 17, BLOCK B, NEW CITY BLOCK 11609, WINDRIDGE APARTMENTS, AN
ADDITION TO THE CITY OF SAN ANTONIO, BEXAR COUNTY, TEXAS, ACCORDING
TO THE PLAT THEREOF RECORDED IN VOLUME 9300, PAGE 116, DEED AND PLAT
RECORDS, BEXAR COUNTY, TEXAS.
EXHIBIT A
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AFFIDAVIT OF FILING AND POSTING
SUBSTITUTE TRUSTEE: Christina Koenig, Kelly Vazhappilly, Marissa Baird, Lauryn Vigil,
Graydon Cowan, Charles Spiegel and Amanda Cottrell, c/o Sheppard, Mullin, Richter & Hampton,
LLP, 2200 Ross Avenue, 20 Floor, Dallas, Texas 75201.
PROMISSORY NOTE: Promissory Note (the “Note”), dated February 14, 2022, executed by
RESIDENCES AT SA MED LLC, a Delaware limited liability company (“Borrower”), as
maker, payable to the order of Arbor Realty Sr, Inc., a Maryland corporation (“Original
Noteholder”), as payee, in the original principal amount of $26,650,000.00.
DEED OF TRUST: Deed of Trust, Assignment of Leases and Rents, Security Agreement and
Fixture Filing dated February 14, 2022, executed and delivered by Borrower, as grantor, unto Sam
Smith as trustee, for the benefit of Original Noteholder, as beneficiary, recorded on February 14,
2022, as Instrument No. 20220037759 in the Official Public Records of Bexar County, Texas (the
“Official Records”), 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 February 14, 2025, and recorded on February 14, 2025, given by (1) Borrower, as leasehold
grantor, and (ii) The Cameron County Housing Finance Corporation, as fee grantor, naming Jay
C. Paxton as Trustee for the benefit of ARBOR REALTY COMMERCIAL REAL ESTATE
NOTES 2022-FL1, LTD. , an exempted company incorporated in the Cayman Islands with
limited liability (“Noteholder”), as Instrument No. 20250027053 of the Official Records (as
amended and restated, the “Deed of Trust”).
ASSIGNMENT/TRANSFERS: That certain Assignment of Deed of Trust, Assignment of
Leases and Rents, Security Agreement and Fixture Filing, dated February 25, 2022 and recorded
on March 7, 2022, as Instrument No. 20220056958 in the Official Records, to Noteholder;
pursuant to which Noteholder became the (i) owner and holder of the right to receive payments
due under the Note, (ii) owner and holder of the outstanding indebtedness evidenced by the Note
and (iii) owner of the liens, security interests, terms and provisions contained within the Deed of
Trust.
DATE SCHEDULED FOR FORECLOSURE: October 6, 2026 (Tuesday).
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Client No.: 65AD-346969
Residences at Medical
2502 Babcock Road
San Antonio, Bexar County, TX
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Notice Filing and Posting
I, , certify that at approximately
__.m.on September 15, 2026, I personally filed that certain Notice of Trustee’s
Sale and Appointment of Substitute Trustee in accordance with the terms of the Deed of Trust (the
“Notice”) in the County Clerk’s Office of Bexar County, Texas, and further certify that at
approximately .m. on September 15, 2026, I personally posted a duplicate
copy of the Notice at the place designated for posting nonjudicial foreclosure sales in Bexar
County, Texas.
By:
Printed Name:
Title:
Subscribed, sworn to and acknowledged before me, the undersigned authority, on
September 15, 2026.
Printed Name:
Notary Public in and for the State of Texas
My Commission Expires:
FILE INFORMATION
Document Number: 20261000527
Date/Time: 9/15/2026 4:00:31 PM
Total Pages: 8
FILED IN THE OFFICIAL PUBLIC
RECORDS OF BEXAR COUNTY
LUCY ADAME — CLARK
BEXAR COUNTY CLERK
Total Fees: $2.00
Client No.: 65AD-346969
Residences at Medical
2502 Babcock Road
San Antonio, Bexar County, TX