$40.0 Million Non-Performing Mixed-CRE (Multi Concentration) Loan Portfolio

Attributes

Unpaid principal balance

$40,379,243

Units

Call for offers

07/15/2025

Asset description

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller, a CMBS Special Servicer, to arrange the sale of 10 non-performing first-mortgage loans (the “Portfolio” or “Loans”) with a total unpaid balance of $40,379,243. The Portfolio is secured by the fee-simple interests in 15 properties, ranging from Multifamily, Manufactured Housing, Office/Retail, and Industrial, located in the Northeast, with a large concentration in New York and Philadelphia (the “Properties” or “Collateral”).

Investors are encouraged to bid either individually, as sub pools or as a Portfolio.

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Investment highlights

Multifamily Focused

The offering includes 81 multifamily units between NYC and Philadelphia. 55% are in the NYC metro - 29% of those units are rent regulated.

Path to Ownership

With the Loans currently in default and substantial legal process already completed, the buyer inherits the opportunity to enforce remedies and pursue a path to title or a loan restructure.

Attractive Basis

At $40,379,243 in total unpaid principal balance, the Loan basis is at an attractive discount to both total collateral value at closing ($58,790,000) and replacement cost today.