Listed by Rhenium Capital
Unpriced
Brooklyn Multifamily Non-Performing Loan
Loan Details
APN 3013100001
Property Type Multifamily, Note/Loan
Sub Type Apartment Building
Investment Type Redevelopment
Investment Sub Type Non-Performing Construction Loan
Loan Status Non-Performing
Maturity Date 08/31/2026
Remaining Term 1 month
Lien Position 1st Lien
Current Note Rate 16.00%
Note Rate Type Fixed
Number of Loans 1
Class B
Units 8
Year Built 1976
Buildings 1
Stories 3
Ground Lease No
Sale Condition Distressed
Non-Performing Loan | Brooklyn Multifamily
Marketing description
- Multifamily • 8 Units
- UPB - $2.8M
- Full Payoff - $3.0M
- Interest Rate - 16.0%
- As-Is Collateral Value - $2.6M
- Stabilized Value - $4.4M
Investment highlights
***The images on this asset page are AI approximations of the actual collateral, and the address on this asset page is the local police precinct proximate to where the property is located. Please click the link below to execute the CA and follow the steps provided in the VDR for more info on the deal and sale process.
Brooklyn Multi Family RTL Non-Performing - Xchange.Loans Listing
First-lien non-performing construction loan secured by a partially completed 8-unit multifamily redevelopment project located in Brooklyn, NY. The loan is in default with demand and acceleration has been issued.
Listing Contacts
Listed by Rhenium Capital
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