For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by JLL and powered by RealINSIGHT Marketplace, 2 Non-Performing Notes in Tulsa, OK is a portfolio of two first-lien multifamily loans secured by 92 apartment units in Tulsa, Oklahoma, offered together in a single sale. The collateral comprises Silverwood Apartments, a 40-unit, 26,880 SF property built in 1973 at 2507 S 87th East Avenue in the Longview Lake submarket, and Melrose Apartments, a 52-unit, 42,800 SF property built in 1974 at 6321 E 9th Street in the McClure Park submarket just east of downtown. The Loans carry a combined unpaid principal balance of approximately $4.56 million as of October 2026. Following July 2026 notices of default, foreclosure complaints were filed and court-appointed receivers are now in place at both Properties, allowing a purchaser to step into the lender position with remedies already in effect. September 2026 rent rolls show combined occupancy of roughly 80%, providing in-place income with lease-up upside, and both Properties offer central air and heating, laundry facilities, dishwashers and disposals. With access to I-244 and Route 66 and proximity to the University of Tulsa and downtown, the offering presents a potential short, direct path to title at a significant discount to replacement cost.
Due Diligence
Location
Silverwood Apartments sits in southeast Tulsa's Longview Lake submarket, while Melrose Apartments is located just east of downtown in the McClure Park submarket. Both Properties offer easy access to I-244 and historic Route 66 and are near the University of Tulsa, Will Rogers High School, Paradise Beach Waterpark and downtown Tulsa, the region's primary employment hub.
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.
