Mark Twain Apartments | Non-Performing Loan Sale
367-379 Farmington Avenue, Hartford, CT, 06105, US
特性
Current Principal Balance
$6,992,000
Unpaid Principal Balance (As of October 2026)
$6,393,305
Origination Date
June 2022
Maturity Date
June 2029
Interest Rate
3.52%
No. of Units
70
入札終了日
12/14/2026
形容
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a performing multifamily loan (the “Loan”) located in Meriden, CT. The Loan is secured by a first priority lien on a multifamily property (the “Property”).
The seven-year Loan was originated in June 2022 to acquire the Property and is structured with a fixed interest rate of 3.52%. The Loan was modified in April 2025, replacing the original borrower and guarantor. As of October 2026, the Loan is performing with an unpaid principal balance of approximately $6.3 million.
The Property is a 70-unit multifamily property that was constructed in 1961 and renovated in 2019. The Property includes 45,600 NRA SF and 62 open-air parking spaces. As of October 2026, the Property was 91% occupied.
The offering presents investors with the ability to acquire a performing Loan at an attractive basis that is secured by a stabilized multifamily asset.
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投資のハイライト
Essential Amenities
The Property provides essential amenities including central air and heating systems, stainless steel appliances, laundry facilities and gated access.
Strategic Multifamily Asset Location
The Property is located in Downtown Meriden providing convenient access to public transit, including the Meriden Amtrak Train Station, as well as shopping & dining options within walking distance.
Strong In-Place Occupancy
The Property is stabilized and was 91% occupied as of October 2026..
Excellent Connectivity
With major thoroughfares including Route 5, I-691, and I-91 within close proximity, the Property provides easy access around Meriden with connectivity for commuters to Hartford, Waterbury, New Britain, New Haven.
メディア
$6.3 Million Performing Multifamily Loan | Connecticut (0 物件)
