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33192019
33192018

1528 Ragan Street, Memphis, TN 38106 For Sale

33192018
33192019
RA
Robert Anderson PRO
CA 01738687
Matthews
CF
Caleb Frizzell PRO
AL 000114503-0
Matthews
AC
Andre Cuadrado
N/A
Xchange.Loans Inc.
Listed by Matthews, Xchange.Loans Inc.
Unpriced
50 days on market
Updated 43 days ago
Note/Loan

1528 Ragan Street

Loan Details
Property Type Multifamily, Note/Loan
Sub Type Apartment Building
Investment Type Value Add
Loan Status Non-Performing
Origination Date 03/01/2023
Maturity Date 03/01/2033
Remaining Term 6 years, 7 months
Current UPB $6,983,000
Lien Position 1st Lien
Current Note Rate 10.95%
Note Rate Type Fixed
Number of Loans 1
Class C
Occupancy 28%
Units 125
Year Built 2008
Ground Lease No
Sale Condition Distressed

Distressed 125-Unit Memphis Multifamily Loan Auction Opportunity

Investment highlights

***Please be advised - loan, property and legal information are available on the Xchange.Loans platform. Due diligence files will not be sent via email without Confidentiality Agreement execution. Please click below for more info on the deal and sale process:

Cane Creek Apartments NPL - Asset Page & Due Diligence Vault

Matthews in collaboration with Xchange.Loans is pleased to bring to marketing a non-performing loan secured by Cane Creek Apartments, a 125-unit multifamily property located in South Memphis, Tennessee. The loan is currently in receivership following borrower default and includes an existing foreclosure judgment, allowing a buyer to immediately schedule a foreclosure sale upon acquisition and pursue an accelerated path to title and control.

  • UPB - $6,983,000
  • Judgment Amount - $9,692,045
  • Indicative Bids Due - Thursday, June 18, 2026

Listing Contacts

RA
Robert Anderson PRO
CA 01738687
Matthews
CF
Caleb Frizzell PRO
AL 000114503-0
Matthews
AC
Andre Cuadrado
N/A
Xchange.Loans Inc.
Listed by Matthews, Xchange.Loans Inc.

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Additional Information

Name
Hutt Cooke
License
356505, 263667 (TN)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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  1. For Sale
  2. Multifamily
  3. TN
  4. Memphis
  5. 1528 Ragan Street
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