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Non-Performing Multifamily Loan Portfolio
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36 Court St, Springfield, MA 01103

Non-performing first-lien mortgage loan secured by 46 multifamily units.

Property SizeContact for details
Days on Market182

Property Features for 36 Court St

General Information

Standard status Active
Property subtype Multifamily, Note/Loan
Listing Agency: Rhenium Capital
Listed By: Andre Cuadrado · License #FL BK3287912
Source: Crexi
Added: Feb 23 Changed: Aug 8 Last Checked: Aug 8 at 6:41AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rhenium Capital

Investment Insights

Based on property information with market context.

The offering consists of a first-lien non-performing mortgage loan secured by two multifamily properties totaling 46 units in the Springfield, Massachusetts MSA.

Key Highlights

  • First‑lien position offers priority in repayment.
  • Non‑performing mortgage loan provides potential for discounted acquisition.
  • Secured by two multifamily properties, diversifying risk.

Property Analytics

Current Use

Springfield Economic Develop City Government Office Springfield Treasurer City Tax Office J R Russo ... Civil Engineer Hampden County Treasurer Tax Department Springfield City Data ... City Government Office

Suggested Use

Top Pick Garden Center Furniture & Home Goods Veterinary Clinic Storage Facility (Bike/Boat/Book/etc) Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,469
Businesses Nearby

Demographics for 01103, MA

2,545
Population
1,728
Households
1.5
Avg Household Size
39
Median Age
36%
College-Educated
82%
High-School Grad
0.4 sq mi
ZIP Area
6,363
Density / Sq Mi
$21,458
Median Household Income
$38,156
Median Earnings
$1,053
Median Rent
$148,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Non-performing first-lien mortgage loan secured by 46 multifamily units.
Where is this apartment building located?
The property is located at 36 Court St Springfield, MA.
What are key features of this property?
This property features: First‑lien position offers priority in repayment.; Non‑performing mortgage loan provides potential for discounted acquisition.; Secured by two multifamily properties, diversifying risk.
More about this property
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