$4.9 Million Non-Performing Multifamily Loan | West Memphis, AR

特性

貸款狀態

非表現

Loan Purpose

Acquisition

Lien

First Mortgage

Current Interest Rate

5.29%

要約邀請

2025/11/17

描述

Jones Lang LaSalle (“JLL”) and Real Insight Marketplace are pleased to offer for sale a $4.9 million non-performing multifamily loan (the “Loan”). The Loan is secured by the senior mortgage on a 96-unit multifamily property in West Memphis, AR (the “Collateral” or “Property”).

The Loan was originated in November 2022 with an original principal balance of $4.9 million and a maturity date of December 2042. The Loan was structured a fixed interest rate of 5.29% for the first 84 months, including an initial 24-month interest-only period, followed by a floating rate beginning in December 2029. Following a series of default notices, the Borrower entered into an agreement to not contest a foreclosure if the outstanding balance was not satisfied on or before August 31, 2025. A receiver was appointed in May 2025, and following a failure to comply with the terms of the agreement the Borrower has waived the right to contest foreclosure proceedings. As of September 2025, the Loan is non-performing with a current principal balance of $4.9 million.

The collateral comprises a 12-building, 96-unit multifamily property located on 6.87 acres in West Memphis, Arkansas. The Property was constructed in 1975 and is located within minutes of Interstate-40.

As of October 2025, the Property is approximately 18% occupied.

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投資亮點

Operational Stability

The recently installed receiver provides operational stability and asset preservation.

Path to Ownership

The non-performing Loan provides investors with a potential path to title at a significant discount to replacement cost, with the borrower having agreed not to contest foreclosure proceedings.

Value-Add Opportunity

The Property’s strong fundamentals position it for immediate value enhancement through the implementation of improved property management practices and operational efficiencies, creating significant upside potential for investors.

Strategic Location & Accessibility

Positioned directly across the Mississippi River from Memphis, TN, the Property offers residents seamless access to a major metropolitan area’s employment centers, entertainment districts, and Memphis International Airport, while benefiting from Arkansas’s lower cost of living and excellent interstate connectivity via I-40 and I-55