Attributes

Loan Purpose

Acquisition

Current UPB

$21.8 Million

Current UPB PSF

$209

Origination Date

July 2018

Maturity Date

July 2028

Interest Rate

SOFR + 1.54%

Default Rate

Interest Rate + 5.0%

Call for offers

10/14/2026

Description

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $21.8 million sub-performing office loan (the “Loan”). The Loan is secured by the leasehold deed of trust in a creative office campus located in Santa Monica, CA (the “Property”). As of September 2026, the Loan is sub-performing and has an unpaid principal balance of $21.8 million. The Loan is currently in cash management.

Comprised of three single-story buildings totaling 104,051 rentable square feet on 5.22 acres, the Property is a creative office campus built in 1978 and renovated in 2012. As of September 2026, the Property is 84.0% occupied with a WALT of 3.2 years. Additionally, the Property is a leasehold interest pursuant to a ground lease (the “Lease”).

The offering presents investors with the ability to acquire a sub-performing loan at a favorable basis, significantly below replacement cost.

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Investment Highlights

Strong In-Place Tenancy

With an occupancy of 84.0%, the Property’s diverse rent roll spanning 12 tenants and staggered expiration schedule, provides stable cash flow and minimized risk for significant vacancy.

Prime Santa Monica Location

Santa Monica has historically been considered one of the most desirable cities to live and work in Los Angeles County.

Exceptional Transportational Access

The Property is conveniently located along two major arteries, Olympic Boulevard and Centinela Avenue, in addition to the nearby 10 and 405 freeways.

Cash Management

The Loan is currently in cash management. As of June 2026, the T-12 for the Property generated approximately $3.5 million of NOI.