Village North Apartments

• 200-unit garden-style multifamily community located at 135 Ignico Drive in Warner Robins, Georgia
• The first lien has an unpaid principal balance of approximately $9.94 million and an estimated payoff of $11.06 million as of October 21, 2026
• The loan is in monetary default
• The June 25, 2026 rent roll reports 52.5% occupancy, representing 105 occupied units
• The community comprises 30 buildings on approximately 13.72 acres, with a mix of studio, one-, two- and three-bedroom apartments
• Existing rental income and substantial vacant inventory provide potential upside through property improvements, lease-up and operational management following resolution with the borrower
• This offering is positioned for experienced distressed debt and multifamily investors with the capital and operating capacity to execute the property’s business plan and pursue resolution of the loan