Cleveland, OH Non-Performing SFR Loan Pool
$1.13MM UPB | Non-Performing SFR Loan Pool
Marketing description
Loan docs, BPOs and legal filings are available on Xchange.Loans at this link:
Deal Summary
The offering consists of four first-lien non-performing mortgage loans collateralized by twelve (12) single-family rental properties located in Cleveland and East Cleveland, Ohio, all within Cuyahoga County. The properties were largely acquired in 2024 at approximately $100,000 per property and subsequently valued between $105,000 and $195,000 per asset based on as-is and updated BPO valuations.
Opportunity
This offering presents a unique opportunity to acquire four first-lien non-performing loans to the same borrower, secured by twelve single-family rental properties within a concentrated Cleveland submarket footprint.
This opportunity is well-suited for distressed debt investors, Midwest SFR operators, Fix & Flip operators, and note buyers seeking scalable workforce housing exposure in Northeast Ohio.
Investment highlights
Address: Cleveland, OH (44128 Submarket), East Cleveland, OH (44112)
Asset Status: All loans are in maturity default
Aggregate UPB: $1,139,300
Total Units: 12 single family rental properties
Estimated Collateral Value: Combined as-is collateral value: $1,564,000
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