South Congress PFC Regular Board Meeting Agenda Packet May 2026
Santander to Provide Construction Financing for St. John North
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Description
Santander will finance the St. John North mixed-income multifamily project with a senior construction loan of roughly $48.8 million, authorized up to approximately $51 million in principal. The loan will be collateralized through leasehold and fee deeds of trust executed with SCPFC and the project partnership.
Contract Details
Contract Amount
Senior Construction Loan $48.8 million (not to exceed approximately $51,000,000 per resolution)
Vendor
SANTANDER
Agency
Austin Housing Authority, TX
Contract Type
FINANCIAL_SERVICES
Document Date
May 17, 2026
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