Dallas · America/Chicago

Morning Brief

Jarrett Woods · Saturday, August 22, 2026 · markets closed · heat still on

Sat Aug 22, 2026 Data compiled Sat Aug 22, 2026, 11:45 AM CT
Live page clock: America/Chicago
10-Year Treasury · official CMT
4.74%
+5 bp

Treasury par yield curve, Friday Aug 21 close. Thursday Aug 20 was 4.69%. Markets closed Saturday; no Aug 22 print.

Primary: Treasury.gov daily par yield curve · Last market quote: CNBC / Tradeweb 4.736% (+0.038) at 5:05 PM EDT Fri · FRED DGS10 last posted 4.69% for Aug 20 (updated Aug 21 3:16 PM CDT; Aug 21 not yet on FRED)

Dallas, TX · NWS Fort Worth
Extreme Heat Warning · until 8 PM CT
96°

Mostly cloudy at Love Field · heat index 101° · wind W 3 mph

Today high / tonight low
105° / 84°

Hot, south wind ~5 mph

Sun
108°
85° · hot
Mon
108°
83° · hot
Tue
108°
84° · hot
Wed
106°
81° · hot
Thu
103°
80° · mostly sun

Observed KDAL 10:53 AM CDT Aug 22. Forecast point 2 mi WSW Dallas, issued 11:32 AM CDT. weather.gov / NWS Fort Worth

AI headlines

Multifamily real estate

not a live vault write

Waypoint · ingest 8/21 · vault offline

Ingest 8/21 ~8:16 AM CT · vault offline

Week ahead

  1. Forest Cove: lock or extension before 8/29 Firm expiry; still no Allied quote.
  2. Natura: get written binders/COIs once Amy is back; Luis/Alicia asked 8/21 for a signed May 26 2022 CHW FEMA memo (unsigned in our copies; LOMR-F was extra, not original scope).
  3. Oak Hill: send Judy the BSPRA + bonds proof; OAC Tuesday; file 8/20 DPR.
  4. The Cove: Charles Wednesday; still Preparing Pre-App.
  5. Southton II: zoning clock to 9/11; PFC still not submitted.

This week’s calendar

Mon 8/24
Amy Briseno (Greyco) back from OOO (Natura insurance).
Tue 8/25
9:00–10:30
Oak Hill OAC Draw, 6450 Oak Hill Blvd (Shane).
Tue 8/25
2:00–3:00
Forest Cove A&E weekly.
Wed 8/26
10:00–11:00
Natura conference (Kim).
Wed 8/26
10:30–11:30
Natura team meeting.
Wed 8/26
11:30–12:30
Charles Duffley / Cove at Berkadia.
Thu 8/27
2:00–3:00
Forest Cove preliminary closing call (calendar ≠ lock).
Sat 8/29
Forest Cove Firm Commitment expires (Colin 8/18).

Projects · official track (HRQ 2026-08-17)

Forest Cove — On. Not locked. Firm issued 2026-06-30, expires 2026-08-29. 10-year ~4.71% is a print, not a coupon. 120-day extension requested to 2026-12-26 (unconfirmed). Allied builders-risk: Chad signed 8/19; no quote; not bound. Forest Cove ≠ The Cove.
Oak Hill (Tyler, TOH) — On / under construction. 8/20 Nations DPR received, not filed, not OCR’d. BSPRA + bonds proof promised to Judy 8/21; not sent as of Fri 8:16 AM. Oak Hill ≠ Oak Hull ≠ 3980 McDonald.
Natura (Gainesville, NAT, 315 units) — On. loan_status Initially Endorsed/Under Construction; entitlement TCO/CO. Permanent CP/GL/Flood not bound in writing (no TRMG reply after 8/20 7:36 AM binders ask). Week ending 8/16 conflict: CMC 97 leased / 27.94% occ vs BoxScore 103 leased / 87 occ (27.61%). Do not merge. Borrower in OS notes: Treebecka Park Apartments II (HUD 063-35416) — not Treebecka AU / III.
Southton II (STH2) — On. 230 units. loan Pre-Concept; entitlement Concept. PFC not submitted. Zoning submit before 2026-09-11 for November council. Gene asked Steven (BA) for Phase I plans 8/19; no reply.
The Cove - Corpus Christi (CCV) — On / Preparing Pre-App. 219-unit 221(d)(4). Model ≠ deal. Cloud support letter 8/19 ≠ HUD filing. Forest Cove ≠ The Cove.
Southton I (STH1)Closed — Closed / Finally Endorsed. No new 8/21 line.
Summit at Walnut Creek (SAWC / Alvarado)Closed — Closed / Finally Endorsed / TCO-CO. Aug 20 RealPage (Inbox, not project folder): 204 units, 198 occ (97.1%), 203 leased. Alvarado = SAWC, not a new project.
PensacolaSleeping — Sleeping / On Hold. Stays on roster. Replacement buyer Tucker Brooks / JLL.

Source: Waypoint OS ingest 2026-08-21 ~8:16 AM CT plus 8/21 NV5/FEMA mail work. Live vault was offline. Greystone register last_updated 2026-08-17; portal UPBs dated 2026-08-15 (002257 Natura 64,546,333 · 015427 SAWC 30,843,136.22 · 015545 Southton I 34,792,561.84 · 002247 not on this portal). Those UPBs are not live. Open, no date: NV5 FEMA/LOMR reply; Allied BR quote; CMC vs BoxScore 8/16; SAWC occupancy xlsx still Inbox. Later marks on the snapshot: ~8/31 Natura substantial-completion target (known; not re-sourced 8/21); 9/1 Greystone next payment dates on those three loans; 9/11 Southton II zoning submit-before.