For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by JLL and powered by RealINSIGHT Marketplace, the offering is a non-performing first mortgage loan secured by Johnson Street Apartments at 42 Johnson Street in Waterbury, Connecticut, a 48-unit multifamily property. The note carries an unpaid principal balance of $4,066,267, and the buyer steps into the lender position with remedies already in motion: a Notice of Default was issued in May 2026, a foreclosure complaint seeking a receiver was filed in July 2026, and a court-appointed receiver now controls the property. Built in 1920 and renovated in 2022, the building offers 35,800 SF of rentable area. Occupancy was 95.83% as of February 1, 2026, the highest of the four Connecticut loans JLL is marketing, giving the collateral an in-place tenant base during the enforcement period. The loan was originated in June 2022 to fund the acquisition and matures in June 2029. Waterbury is an established urban market anchored by hospitals, major employers, schools and universities, with submarket vacancy averaging approximately 6%, giving the note buyer a potential path to title at a significant discount to replacement cost.
Due Diligence
Location
42 Johnson Street Apartments occupies a 0.84-acre site bounded by Johnson Street, Waterville Street and Chestnut Avenue, near downtown Waterbury, the region’s primary employment center. The site carries a Walk Score of 82, comparable Westview Apartments and Diamond Court sit 0.2 and 0.3 miles away, and more than 102,000 residents live within three miles.
Transaction Managers
Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
How it Works
Learn about bidding, reserve prices, and closing.
Read the auction guideAuctioneer
Need Help?
Your transaction managers are your first point of contact for any auction or process questions. For additional support:
Loan Sale Advisors
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.
