The collateral backing these notes includes a mix of multifamily and retail assets located near significant demand drivers such as Yankee Stadium and Prospect Park. Because the loans exist in varying states of default and foreclosure, the firm is offering bidders the flexibility to acquire individual notes, customized packages, or the entire portfolio. Investors may pursue multiple resolution strategies, ranging from negotiated payoffs and loan workouts to taking ownership of the underlying real estate.

Christian Koulichkov, senior vice president at Hilco Real Estate, noted that the portfolio provides access to established submarkets characterized by dense populations and high barriers to new development. The sale process requires interested parties to submit offers by 5:00 p.m. ET on August 13. Interested bidders should contact the firm directly to access due diligence materials and confirm specific acquisition procedures.