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 Willard Street Apartments at 17-21 Willard Street in Hartford, Connecticut, a 27-unit multifamily property. The note carries an unpaid principal balance of $2,716,904, 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 1929 and renovated in 2020, the building offers 22,350 SF of rentable area. Occupancy was 81.5% as of March 31, 2025, leaving room to lease vacant units toward submarket levels, where vacancy averages approximately 6%. The loan was originated in June 2022 to fund the acquisition and matures in June 2029. Hartford is an established urban market anchored by hospitals, major employers, schools and universities, all within walking distance or reachable by public transit, giving the note buyer a potential path to title at a significant discount to replacement cost.
Due Diligence
Location
17-21 Willard Street sits in a residential neighborhood just west of downtown Hartford’s central business district, the region’s primary employment center. The Farmington Avenue apartment corridor is 0.5 mi away, and the site has a Walk Score of 74, with sidewalks tying into the city’s transit and support services. Nearly 35,000 residents live within one mile.
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Platform Fee
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.
