For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by JLL and powered by RealINSIGHT Marketplace, the Hartford Multifamily Loan Portfolio is a package of four non-performing first-lien loans secured by 84 apartment units across four properties in Hartford, Connecticut, offered together in a single sale. The collateral comprises Premium Apartments (28 units, 249 New Britain Avenue), 69-75 James Street Apartments (24 units), Evergreen Estates (21 units, 57-61 Evergreen Avenue) and 359 New Park Avenue Apartments (11 units), totaling six three-story brick buildings and approximately 88,200 rentable square feet built between 1920 and 1962. The four loans carry a combined original balance of approximately $9.34 million and a total unpaid principal balance of $8,669,667, each bearing a 3.46% fixed rate with a scheduled June 2029 maturity. The unit mix is weighted toward family-sized layouts, with 67 two- and three-bedroom apartments. Located west of the Hartford Central Business District, the region’s primary employment center, the Properties carry Walk Scores of 71 to 88 and each draws from a 3-mile population of more than 156,000 residents. The offering presents investors with the opportunity to acquire a scaled, well-occupied Hartford multifamily loan portfolio in one transaction.
Due Diligence
Location
The four Properties sit in established residential neighborhoods west of the Hartford Central Business District, the region’s primary employment center, near Trinity College, the Hartford Hospital campus and historic landmarks. Interstates 84 and 91 link the sites to the region, Walk Scores range from 71 to 88, and more than 156,000 residents live within three miles of each.
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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.
