Multi-Housing

$22.5 Million Non-Performing Multifamily Loan

000 Avenue Various, Texas United States
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
N/A
NOI Net Operating Income N/A
Cap Rate N/A

Documents

Confidentiality Agreement
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Description

The Loan was originated in September 2016 and has a total payoff amount of $22,560,997. It was originally structured with a 24-month term and two six-month extension options. Given the execution of several forbearances, the Loan now matures at the end of December 2020. It carries a floating rate of L + 10.35% with interest-only payments calculated on an Actual / 360 day-count basis and a default rate of 18%.

Investment Highlights

Jones Lang Lasalle (“JLL”) has been retained by the Seller on an exclusive basis to arrange the sale of a $22.5 million multifamily loan (the “Loan”) secured by the first mortgage on a low-rise/garden apartment asset located in Houston (the “Property” or the “Collateral”).
Last Updated Date: 19 Nov 2020
Tom Hall
Tom Hall
Managing Director, Capital Markets
+46812111187
Bill Butler
Analyst
+46812111187
Interested in this property?
Please fill out the form below.

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.
+46812111187
Last Updated Date: 19 Nov 2020

Do you have any questions?  Visit our FAQ page

View FAQ Page

Similar Properties

View more
View listing
Multi-Housing
Arlington Hills US - Arlington, TX
View listing
Multi-Housing
Belmont, The US - Grand Prairie, TX
View listing
Multi-Housing
Alexan Flower Mound US - Flower Mound, TX
View listing
Multi-Housing
the Brickyard US - Farmers Branch, TX
View listing
Multi-Housing
Highland Park West Lemmon US - Dallas, TX
View listing
Multi-Housing
One Dallas Center US - Dallas, TX
View listing
Multi-Housing
Lakewood on the Trail US - Dallas, TX
View listing
Multi-Housing
75 West US - Dallas, TX
View listing
Multi-Housing
Villas at Monterey US - Dallas, TX
View listing
Multi-Housing
Northwood Village US - Corsicana, TX
View listing
Multi-Housing
Lenox Crown US - Garland, TX
View listing
Multi-Housing
Parkside at Firewheel US - Garland, TX
View listing
Multi-Housing
Lake Colony US - Garland, TX
View listing
Multi-Housing
Treepoint Meadows US - Amarillo, TX
View listing
Multi-Housing
Station at Mason Creek US - Katy, TX
View listing
Multi-Housing
Legacy at Cypress US - Cypress, TX
View listing
Multi-Housing
Marquis at Cinco Ranch US - Katy, TX
View listing
Multi-Housing
Townhomes at Woodmill Creek US - Spring, TX
View listing
Multi-Housing
The Bammel and the Broadway US - Houston, TX
View listing
Multi-Housing
Parc at 505 US - Houston, TX
View listing
Multi-Housing
Arlo Memorial US - Houston, TX
View listing
Multi-Housing
Folio West US - Houston, TX
View listing
Multi-Housing
Miramar Townhomes US - Houston, TX
View listing
Multi-Housing
Avenue R US - Houston, TX
View listing
Multi-Housing
Three Thousand Sage US - Houston, TX
View listing
Multi-Housing
Durham Heights US - Houston, TX
View listing
Multi-Housing
Broadstone Post Oak US - Houston, TX
View listing
Multi-Housing
St James Village US - Houston, TX
View listing
Multi-Housing
Lansbourough US - Houston, TX
View listing
Multi-Housing
Stillwater Student Housing US - Stillwater, OK

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.

Learn more