$10.2mm Mixed-Performance | 2Q24 Small Balance Loan Portfolio

Attributes

Loan count
32
Unpaid principal balance
A$15,314,438
Maturity date
01/08/2024
Call for offers
12/06/2024

Asset Description

Jones Lang LaSalle ("JLL") has been retained by the Seller, a national bank, on an exclusive basis to arrange the sale of a $10.2 million mixed-performance loan portfolio (the "Loans" or "Portfolio"). The Portfolio is composed of thirty-two (32) loans secured by various real estate and non-real estate collateral, predominantly multifamily/affordable housing properties (45.0% by UPB) followed by business assets (27.9% by UPB). 

 

The Portfolio is broken up into three (3) distinct pools: Real Estate Secured, Non-Real Estate Secured, and an affordable housing loan relationship pool. The Real Estate Secured pool contains 12 loans for $4.7mm UPB and carries a WA rate of 7.4%. The Non-Real Estate Secured pool contains 18 loans for $3.0mm UPB and carries a WA rate of 10.4%. The Affordable Loan Relationship is two loans for $2.4mm with a 8.5% rate.

 

The offering provides investors the opportunity to acquire a diversified Portfolio of real estate and non-real estate secured loans direct from the Lender, a national banking association. The Seller will consider bids on (i) any pool individually, (ii) any combination of pools, or (iii) the Portfolio in its entirety.

...

Investment Highlights

DIRECT SALE FROM INSTITUTIONAL LENDER 

This sale provides investors with a unique opportunity to acquire a mixed-performance loan portfolio directly from a national banking association.


INVESTOR OPTIONALITY

Investors will have the ability to bid on (i) any individual pool, (ii) any combination of pools, or (iii) the Portfolio in its entirety to best fit investment strategy.


RECOURSE

A portion of the portfolio carries some form of Borrower or Guarantor Recourse.


DIVERSE POOL BY GEOGRAPHY AND ASSET CLASS

The Real Estate Portfolio is spread across six (6) states with the portfolio loans being secured by various real estate and business-related assets.


$10.2mm Mixed-Performance | 2Q24 Small Balance Loan Portfolio (0 Properties)

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Last updated
15 May 2024