$26.4 Million Non-Performing Multifamily Loan | Austin, TX

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $26.4 million non-performing multifamily loan (the “Loan” or “Note”). The Loan is secured by the deed of trust on a garden-style apartment complex located in Austin, TX (the “Property” or “Collateral”). In September 2025, the Loan became non-performing via a maturity default. As of April 2026, the Loan is non-performing with an unpaid principal balance of $26.4 million and is in cash management.

Constructed in 1983 and renovated from 2023-2024, the Property is strategically located on a major Austin thoroughfare that provides seamless connectivity to the heart of the city. The Property benefits from a recent renovation including improvements to the amenities, exterior enhancements, and interior upgrades. In addition to the luxury-level upgrades, the Property also includes a resort-style pool & sun deck, dog park, clubhouse, private patios & balconies, quartz countertops, and stainless-steel appliances. As of February 2026, the Property was 83.3% occupied.

The offering presents investors the unique opportunity to acquire the Loan at an attractive cost basis, significantly below replacement cost, with a potential path to ownership.