$23.1 Million Sub-Performing Office Loan | Los Angeles, CA

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $23.1 million sub-performing office loan (the “Loan” or “Note”). The Loan is secured by the deed of trust on the fee-simple interest in a class A office property in Los Angeles, CA (the “Property” or “Collateral”). The Loan was originated to refinance the existing debt on the Property in February 2021 and has an upcoming maturity date in February 2026. As of November 2025, Loan is in cash management and is sub-performing, with an unpaid principal balance of $23.1 million.

Located in Los Angeles, CA, the Property is a four-story multi-tenant office building that is approximately 75,000 RSF. Constructed in 1984 and renovated in 2021, the Property is the winner of the Gold Award Winner for Best Office Project. Additionally, its strategic positioning between Studio City, Burbank, and Hollywood provides tenants with unparalleled access to the world’s leading media companies, solidifying its status as a premier entertainment industry hub. As of November 2025, the Property is 39.9% occupied.

The offering presents investors the opportunity to buy this sub-performing Loan, benefiting from investor optionality due to a near term maturity in February 2026.