For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Walker & Dunlop and powered by RealINSIGHT Marketplace, Mosaic at Medical Center at 5380 Medical Drive is a 224-unit garden-style multifamily community in San Antonio, Texas, securing a non-performing first lien loan with an original principal balance of $20.801MM. The note carries a 6.11% fixed rate, is interest-only through May 1, 2027, and is scheduled to mature April 1, 2033. A court-appointed receiver took control in July 2026 and has completed permanent boiler replacement and repaired all 46 exterior lighting deficiencies as life-safety work continues. Built in 1982 on approximately 10.1 acres, the collateral includes 16 apartment buildings, 154,392 rentable square feet, and approximately 336 surface parking spaces. Physical occupancy stands at 24.6%, with 55 occupied or notice units and 166 vacant units not rent-ready. Reported leased rents average approximately $809 per month against an average market rent of approximately $1,010. A June 2026 PCA identified approximately $1.270MM of recommended and immediate repairs, including $1.042MM of Priority 90-Day items, and trailing 12-month operations through April 2026 reflected negative NOI under prior ownership. The collateral offers an experienced multifamily operator a repositioning opportunity in the San Antonio Medical Center area, with access to major employment and medical demand drivers.
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Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
