Non-Performing Note Sale: Mark Twain Apartments | Receiver in Place

Brokered by JLL and powered by RealINSIGHT Marketplace, the offering is a non-performing first mortgage loan secured by Mark Twain Apartments at 367-381 Farmington Avenue in Hartford, Connecticut, a 65-unit multifamily property held as 65 condominium units. The note carries an unpaid principal balance of $4,383,792, 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. The collateral consists of four three-story buildings with 41,750 SF of rentable area, 75 surface parking spaces and laundry on a 1.31-acre site. Occupancy was 35.38% as of January 1, 2026, setting up a lease-up strategy across the vacant units. The condominium structure adds exit flexibility, and the receiver order authorizes marketing the property or individual units, subject to court approval of any sale. The loan was originated in June 2022 to fund the acquisition, carries a 3.46% fixed rate on a 30-year amortization and matures in June 2029. Hartford’s Farmington Avenue corridor sits in an established urban market anchored by hospitals, major employers, schools and universities, giving the note buyer a potential path to title at a significant discount to replacement cost.