$40.0 Million Multi-Housing Loan | Recently Constructed | Class-A | Deed-in-Lieu

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $40.0 Million Multi-housing Loan (the “Loan” or “Note”). The Loan is secured by the construction mortgage in a luxury apartment community located in Richfield, Minnesota, a vibrant Twin Cities suburb (the “Property” or “Collateral”). The Class A community offers exceptional connectivity via nearby major thoroughfares, providing residents convenient access to the greater Twin Cities area and abundant local amenities. As of August 2025, the Loan is non-performing, with an unpaid principal balance of $40,022,387.

The class A apartment complex was recently completed in 2021 and totals 192 units, ranging from studios to two-bedroom homes. The Property distinguishes itself with premium interior finishes and comprehensive amenities that create a sophisticated living experience at competitive monthly rates. Some of the luxury-level amenities include: access to a resort-style pool & fire pit lounge, modern fitness center, putting green & golf simulator, smart thermostats, quartz countertops and stainless-steel appliances. As of August 2025, the Property is 90.6% occupied.

The offering presents investors with the unique opportunity to acquire the Loan at an attractive cost basis, collateralized by a newly constructed multifamily property, with a direct path to ownership through a deed-in-lieu.