$1.6 Million Non-Performing Multifamily Loan | Atlanta, GA

Jones Lang LaSalle (“JLL”) and CREXI are pleased to offer for sale a $1.6 million non-performing multifamily loan (the “Loan”). The Loan is secured by a deed of trust on a 16-unit multifamily property in Atlanta, GA (the “Collateral” or “Property”). The 7-year Loan was originated in July 2022 and had an initial principal balance of $1.6 million. The Loan featured a fixed interest rate of 4.56% and required interest-only payments for the first 24 months of the term with principal and interest payments thereafter through the end of the term. As of August 2025, the Loan is non-performing and has a current unpaid principal balance of $1.6 million.

The collateral comprises a 16-unit multifamily property constructed in 1963 and renovated in 2022 located in Atlanta, Georgia. The Property sits on a .78-acre parcel and has an average unit size of 955 square feet. Since 2020, there has been an estimated $500,000 in capital improvements to the Property across all 16 units. As of September 2025, the Property was 12.5% occupied.