AACOG Executive Committee Meeting Agenda April 2026
AACOG Seeks Five-Year Refinancing With Schertz Bank
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Description
AACOG plans to refinance its AACOG Tower mortgage with Schertz Bank & Trust for another five-year term and is requesting authority for a $2–5 million principal reduction payment, with a preferred $5 million reduction to lower the outstanding balance to about $5.5 million. The refinancing will reset the interest rate to approximately 4.95% and reduce future debt service obligations.
Contract Details
Contract Amount
$10.5 million outstanding balance; recommended $5 million principal reduction payment (balance reduced to approximately $5.5 million)
Vendor
SCHERTZ BANK & TRUST
Agency
Alamo Area Housing Finance Corporation, TX
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2026
Contract Term
Five (5) year refinancing agreement beginning May 2026, based on 25-year amortization
Renewal Date
2031-05-01
Renewal Info
Refinances and extends the original April 2021 Schertz Bank & Trust mortgage loan for an additional five-year term starting in May 2026, with an anticipated interest rate of about 4.95% and a significant principal reduction between $2–5 million.
More from SCHERTZ BANK & TRUST
Related Contracts
Alamo Area Council of Governments Board of Directors Meeting Agenda April 2026
ONGOINGAlamo Area Housing Finance Corporation Board Meeting Agenda April 2026
APPROVEDAlamo Area Council of Governments Executive Committee Meeting April 2026
RECOMMENDEDWill County School District 92 Treasurer's Report January 2026
ONGOINGschertz_cibolo_universal_city_isd_school_board_mee.pdf
APPROVEDIssuing Agency
Alamo Area Housing Finance Corporation
Special District
San Antonio, TX
More from Alamo Area Housing Finance Corporation
Alamo Area Council of Governments IDD Services Advisory Committee Agenda Packet 2026-06-09
Alamo Area Council of Governments Board of Directors Meeting Agenda April 2026
Alamo Area Council of Governments Board of Directors Meeting Agenda April 2026
Alamo Area Council of Governments Board of Directors Meeting Agenda April 2026
Alamo Area Council of Governments Board of Directors Meeting Agenda April 2026
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