
La Fortuna Towns
2400 Bella Circle, Kissimmee, FL, 34744, US
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a two non-performing multifamily loans (the “Loan” or “Loans”) located in Tulsa, Oklahoma. The Loans are secured by a first lien on one of the following properties: Silverwood Apartments and Melrose Apartments. (the “Property” or “Properties”).
The Loans were originated to acquire their respective Properties. In July 2026, a Notice of Default was sent for each Loan. Shortly thereafter, an official complaint seeking foreclosure and the appointment of a receiver was submitted. The appointment of a receiver was subsequently approved and is now in place at the Properties.
Silverwood Apartments, constructed in 1973, is a 40-unit property located in southeast Tulsa in the Longview Lake Submarket. The Property is 83% occupied and totals 26,880 net rentable square feet. Melrose Apartments, constructed in 1974, is a 52-unit property located just east of downtown Tulsa in the McClure Park Submarket. The Property is 79% occupied and totals 42,800 net rentable square feet.
The offering presents investors with the opportunity to acquire a non-performing Loan at a significant discount to replacement cost. Additionally, with a receiver in place and foreclosure initiated, the purchaser of the Loans will step into the lender position with the rights and remedies of the Lender already in full effect allowing a short time and direct path to title.
Essential Amenities
The Properties provide essential amenities including central air and heating systems, laundry facilities, dishwashers, and in-place disposals.
In-Place Receiver
The Properties have court-appointed receivers in place.
Strategic Locations with Excellent Connectivity
The Properties provide easy access to I-244 and Route 66 and are located near the University of Tulsa, Will Rodgers High school, Paradise Beach Waterpark, and downtown Tulsa.
Strong In-Place Occupancy
The Properties are near stabilization with average occupancy at approximately 80%.
Potential Path to Ownership
The non-performing Loans provide investors with a potential path to title at a significant discount to replacement cost.
