Texas multifamily loans totaling $562 million, over 70% of September's $778 million commercial foreclosure auctions, show no signs of easing distress. Troubled syndicators like S2 Capital, Lurin Capital, and GVA dominate the list, with S2 Capital facing defaults on properties in Houston and Dallas. Sixteen properties have been flagged multiple times, indicating ongoing negotiations rather than quick resolutions, and the distress is spreading beyond core multifamily assets to hotels and retail properties across the Texas Triangle.