Case 46-CV-25-632
Pending
Fifth Judicial District

Mid American Properties Portfolio

Distressed portfolio acquisition opportunity in Martin County, Minnesota. 10 assets spanning seasoned CFDs, stabilized rentals, and a rehab, aligned to two capital tracks.

Sheriff sale: 2026-02-25 10:00 AMLocation: Martin County Sheriff’s Office, 201 Lake Avenue, Fairmont, MN 56031Offer: CFD + Rental tracks

Investor reel or walkthrough placeholder

Drop in a brief overview of the Fairmont portfolio, property exteriors, and market context. Avoid PII in any footage.

Market Intel & Diligence

Edit via public/research.json

Rental comps

Insert latest county rent comps and vacancy trend (MLS / CoStar / Zumper).

Employment drivers

Note top employers, hiring trends, and any plant openings/closures.

Demographics

Population, household income, and migration direction with cited source.

Receiver order and sheriff sale notice
Title search / prelim, tax receipts, insurance
CFD contracts, leases, and payment histories
Utilities, repairs, photos (no PII)

All content must remain factual and sourced; update research.json as new diligence arrives.

Aggregate Market Value

$1.27M

Est. Portfolio Value

Total Underlying Debt

$0.69M

~54.4% LTV (est.)

Monthly Gross Income

$8,945

Contract payments + rent

Total Arrears

$4,650

Outstanding collections

Repair Budget

$90,500

Near-term capex

Weighted CFD Rate

6.74%

Across 6 CFDs

Occupancy

9/10

90% occupied

Avg. Market Value

$127,300

CFD 6 • Rentals 3 • Distressed 1

Strategy Buckets

Composition by asset plan and occupancy

CFDs

6

Weighted rate 6.74% | 5 in arrears

Rentals

3

Avg payment $968

Distressed

1

Rehab budget 90,500

Return Targets

Illustrative project-level returns

CFD IRR

12-14%

CFD Cash-on-Cash

10-12%

Rental IRR

18-20%

Rental Cash-on-Cash

8-10% (Year 1)

Portfolio Composition

Asset distribution by strategy bucket

Asset Valuation vs. Debt

Estimated market value vs. underlying mortgage balance

Sheriff Sale Status

Live updates on the foreclosure sale process.

Scheduled Date

2026-02-25 10:00 AM
Confirmed

Location

Martin County Sheriff’s Office, 201 Lake Avenue, Fairmont, MN 56031

Status Note

Enter winning bidder + bid amounts when available.

Compliance Note

The borrower is an elderly individual. Concerns have been expressed regarding the fairness of certain historical loan terms. No court finding has been made on these issues, and investors should rely on independent legal review.

Legal Context
Court Findings