Office

$5.025 Million Non-Performing Loan

000 Avenue Various, Texas United States
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1979
Building Area
Occupancy 20.0 %

Property Description

Collateral for the Loan consists of a Class B office building located in a premier office park in the Houston Energy Corridor (the “Property,” or the “Collateral”). The Property features expansive, flexible floor plates and an assortment of building amenities, including a food court, controlled access, banking, on-site security, reception area and three-level parking garage. It also benefits from being in close proximity to major regional thoroughfares as well as numerous entertainment, dining and housing options that appeal to corporate tenants. The Loan presents investors with a prime opportunity to acquire a note at an attractive basis secured by a well-located office building that has tremendous value-add upside potential.

Investment Highlights

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer qualified investors the opportunity to acquire a $5.025 million first mortgage loan (the “Loan”). The Loan was originated in October 2010 and structured with a 5.95% fixed rate (12.95% default rate) and a ten-year term. It matured on October 1, 2020 and continues to be non-performing.
Last Updated Date: 16 Nov 2020
Sean Ryan
Sean Ryan
Managing Director, Capital Markets
Bill Butler
Analyst

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Last Updated Date: 16 Nov 2020

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