Houston Multifamily NPL

Launch Date: Monday, August 10, 2026
Indicative Bid Deadline: Thursday, September 3, 2026
Final Bid Deadline Thursday, September 17, 2026

• ±2 Miles from Downtown Houston
• First-lien non-performing bridge loan secured by an 11-unit multifamily property located in Houston, Texas
• The renovation was ultimately completed, and the property received its Certificate of Occupancy and is moving to stabilization
• The collateral package includes a first deed of trust, assignment of leases and rents, security interest in related collateral, and a full recourse guaranty
• Multiple potential resolution strategies, including a negotiated payoff, loan restructuring, deed-in-lieu of foreclosure, foreclosure, or ownership of the underlying real estate
• The East End has experienced continued public and private investment over the past decade, contributing to ongoing residential redevelopment and neighborhood revitalization
• Occupancy 100% (Aug/Sept 2026)
• EST. Collateral Value (August 2026) $725,000 – $800,000