South Congress PFC Regular Board Meeting Agenda Packet May 2026
Santander to Finance St. John South Construction Loan
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Description
Santander Bank is slated to provide a construction loan of up to approximately $27 million to finance the St. John South multifamily development under the SCPFC PFC structure. The loan will be secured by a leasehold deed of trust and related collateral documents executed in coordination with South Congress PFC and the project partnership.
Contract Details
Contract Amount
Construction Loan not to exceed approximately $27,000,000
Vendor
SANTANDER BANK
Agency
Austin Housing Authority, TX
Contract Type
FINANCIAL_SERVICES
Document Date
May 17, 2026
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