Servicer Sale: $4.5 Million Non-Performing Multifamily Loan

Description:

Ri Marketplace Online Auction September 8th-10th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2689/servicer-sale-4.5-million-non-performing-multifamily-loan?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_2689

Jones Lang LaSalle ("JLL") and RealINSIGHT Marketplace are pleased to offer for sale a $4.5 million non-performing multifamily loan (the "Loan"). The Loan is secured by a first lien position on a 15-building multifamily property in Little Rock, AR (the "Collateral" or "Property”). Originated in November 2019, the Loan had an initial principal balance of $4.5 million with interest-only payment terms at a fixed rate of LIBOR plus 3.50%. Originally scheduled to mature in September 2020, the Loan received multiple extensions through November 2022, after which it became non-performing due to maturity default. As of July 2025, the Loan has a current unpaid principal balance of $4.5 million.

The collateral comprises a 15-building, 180-unit multifamily property constructed in 1967 on 10.73 acres in North Little Rock, Arkansas. Located near Shorter College, the community offers residents a playground, barbecue areas, and clubhouse amenities. The property operates under a HUD Housing Assistance Payment (HAP) contract, which HUD has initiated non-renewal proceedings for. As of June 2025, the Property was 40.8% occupied.


David Stafford
License: 372
Broker License # is PB00046546

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