Non-Performing Note Sale: 92-Unit Multifamily Portfolio | Tulsa, OK

Starting Bid: December 16th, 2026

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.

Court-Appointed Receivers Already In Place: The Properties have court-appointed receivers in place while the foreclosure actions are pending.

Potential Path To Ownership At A Discount: Non-performing Loans offer a potential path to title at a significant discount to replacement cost.

Strong In-Place Occupancy Near Stabilization: The Properties are near stabilization, with average occupancy at approximately 80% across both.

Strategic Locations And Excellent Access: Near I-244, Route 66, the University of Tulsa, Will Rogers High School and downtown Tulsa.

Starting Bid: $800,000

Auctioneer: Richard Shawn Terrel

Auctioneer Company: c/o Fisher Auction Company Inc.

Auctioneer License: 134099