IN FORECLOSURE/REO-DEED IN LIEU – This property rests on 15 acres of land with 19 two story buildings consisting of 219 total units. Of the 219 units, 42 have closed and the balance of the units, 177, are under foreclosure by the bank. All units have two parking spots and the TH units have an attached garage for parking. There are 94 one BR units at 733 sq ft, 73 two BR units with 996 sq ft and 10 two BR/1.5 BA Townhouses with 1,301 sq ft. The property has a club house, gated pool, fitness center as well as kitchen and lounge area. Original note was $15.6MM and the estimated balance is $12-13MM.