Paris, TX Multifamily NPL
$1.29MM UPB | Multifamily | Non-Performing Loan | Texas
Marketing description
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The offering consists of a first-lien non-performing mortgage loan secured by a 16-unit multifamily property located at 625–637 Bonham Street in Paris, Texas. The property was originally constructed in 1920 and underwent full interior renovations in 2023 totaling approximately $472,655 ($29,541 per unit). Renovations included new flooring, paint, appliances, and upgraded fixtures.
Collateral Overview
Bonham Street Apartments is a 16-unit, two-story wood-frame multifamily property situated on 0.714 acres (31,090 SF) with 12,975 SF of net rentable area and 15,625 SF gross building area. The asset is zoned Commercial District (C) and located along Bonham Street / U.S. 82 Business with average visibility and access.
Unit Mix:
7 Studio Units (625 SF)
6 One-Bedroom / One-Bath Units (815 SF)
1 Two-Bedroom / One-Bath Unit (1,100 SF)
2 Three-Bedroom / One-Bath Units (1,260–1,350 SF)
Investment highlights
Asset Name: Bonham Street Apartments – Paris, TX MFH NPL
Address: 625–637 Bonham Street, Paris, Lamar County, Texas
Asset Status: First-lien non-performing loan (Default Interest Accruing)
UPB: $1,294,142
Property Type: 16 unit multifamily property
Estimated Collateral Value: As-Is Appraised Value (July 2025) – $1,100,000
Stabilized Value (December 2025) – $1,300,000
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