Texas’ Biggest Loans Headed to Foreclosure in November

3 November 2025

Another Houston multifamily operator is falling on hard times.

July Residential Group, which is based in New York, could be forced to hand over the keys to 1,300 multifamily units at this month’s foreclosure auction. July Residential bought the properties in 2021.

This month will bring $590 million in loans to the auction block across the Texas Triangle, up from $575 million in October, but down from $710 million in September and $670 million in August, according to Roddy’s Foreclosure Listing Service.

Harris County, home to Houston, was once again the hardest hit, with five loans topping $200 million in debt facing foreclosure.

Here are the biggest loans up for auction this month. It’s possible that some of these borrowers and lenders will reach agreements to avoid auction.

Houston

July Residential allegedly defaulted on an $81.5 million mortgage from Voya backed by five properties:

Casa Grande Apartments, a 268-unit complex at 9445 Concourse Drive;
Shadowtree Apartments, a 428-unit complex at 9475 West Sam Houston Parkway;
Airport Crossing Apartments, a 178-unit complex at 8300 West Airport Boulevard;
Townhome Apartments, a 73-unit complex at 8030 West Airport Boulevard; and
Plaza at Hobby Airport Apartments, a 328-unit complex at 8501 Broadway Street.

The properties were constructed between 1976 and 1983. The loan works out to $63,921 per unit.

Austin

Langdon Street Capital is facing foreclosure on Langdon at Walnut Park after the loan tied to the property headed to special servicing in September. The foreclosure appears to be fallout from the recent passage of House Bill 21, which requires operators that used a property tax credit loophole to come into compliance with new requirements in order to maintain their exemptions. Langdon Street Capital borrowed $60 million from Argentic for the property at 12101 North Lamar last year. Debt on the 277-unit property, built in 2018, works out to $216,606 per unit.

San Antonio

Lakewood, New Jersey-based Raven Capital Group could lose Vive Apartments in San Antonio. The owner took out a $23.8 million mortgage on the 280-unit apartment complex at 9400 Fredericksburg Road in 2021. The debt on the property, built in 1974, works out to $85,000 per unit.

Dallas

Harwood International is facing its third foreclosure this year and could lose Harwood No. 1 at this month’s foreclosure auction. Gabriel Barbier-Mueller’s firm took out a $37.4 million mortgage from First United to refinance the 105,550-square-foot property at 2651 North Harwood Street in 2020. It works out to $354 per square foot for the office building built in 1984.

Fort Worth

The biggest new loan headed to auction in Tarrant County this month is a $6.8 million mortgage tied to Regency Apartments. Utah-based Harris Investment Group took out the loan in 2022. The 72-unit property at 2507 Airport Circle was built in 1967. The debt works out to $93,750 per unit.

Repeat offenders

Of the nine properties facing foreclosure in Houston’s Harris County, two are regulars. Both properties owned by Rao Polavarapu’s Falls Apartment, which had a loan head to special servicing in August, received multiple foreclosure notices but haven’t been sold yet.

Falls of Braeburn, a 191-unit complex at 9707 Braeburn Glen ($64.5 million); and
Falls of Westpark, a 356-unit complex at 6130 Southwest ($29 million).

Two properties in Bexar County are headed to the block again:

A retail building at 6610 Low Bid Lane home to Soccer Central ($10.5 million); and
A retail building at 22615 North U.S. Highway 281 home to Dutch Bros. ($7.4 million).

Plus two in Dallas: