We are presenting a time-sensitive opportunity on a privately held mortgage note (hard money loan) currently in active foreclosure. This is a controlled early-access brief ahead of formal package release โ not a broad marketing piece.
We have been in direct communication with foreclosure counsel. A prior buyer did not perform, which reopens an immediate window for qualified, executable offers.
๐ Asset at a Glance
- Property: 223 16th St, Unit 5 โ Atlanta, GA (Atlantic Stacks)
- Asset Type: Condominium โ strong in-town submarket
- Loan Type: Private / Hard Money
- Origination: July 2023 | 2-Year Interest-Only Structure
- Original Loan Amount: $700,000
- Purchase Price at Origination: ~$850,000
- Estimated Unpaid Balance: ~$700K range (pending formal confirmation)
- Foreclosure Sale Date: May 5, 2026
๐ Valuation
Recent comparable sales within the same complex indicate:
- Estimated ARV: $855,000 โ $875,000
Meaningful collateral coverage exists. A discounted note acquisition may present a favorable risk-adjusted opportunity for the right buyer.
๐ค Borrower Context (informational only)
Through our direct engagement in a foreclosure prevention capacity, we have non-public situational insight on the borrower:
- Borrower has expressed clear intent to resolve
- Recent financial changes suggest improved near-term capacity
- Potential exists for a structured workout with a new lienholder
This is contextual โ not a performance guarantee. Relevant for buyers who incorporate borrower engagement into their acquisition strategy.
โ
This Opportunity Is Well-Suited For Buyers Who:
- Acquire non-performing loans with collateral support
- Value assets with strong underlying real estate fundamentals
- Utilize borrower engagement as part of value creation
- Can operate within a compressed timeline
๐ Data Package Status
We have formally requested full loan-level documentation:
- Payoff statement
- Reinstatement quote
- Itemized arrears
- Loan documents
Materials will be distributed as received to confirmed interested parties.
โญ Next Steps
This brief is being shared for preliminary evaluation and buyer interest assessment ahead of full package release. We intend to submit complete, qualified offers to the lender โ not exploratory interest.
If you want in on the early look:
- Review the details above
- Reply here or reach out directly to confirm interest
- Be positioned to review full package and submit a formal LOI on short notice
๐ฌ Contact
This is a time-sensitive, execution-driven opportunity. Timeline is compressed. Reach out early.