$35.5 Million Office Loan | Linthicum, MD

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $35.5 million office loan (the “Loan”). The Loan is secured by a first-lien deed of trust on a 300,111 square foot office property in Linthicum, MD (the “Collateral” or “Property”). The Loan was originated in January 2019 with an original principal amount of $38.5 million and an initial maturity in January 2024, which was subsequently extended to January 2026. The Loan failed to pay off at maturity and a Notice of Default was sent to the Borrower in January 2026. As of April 2026, the Loan is in cash management and has an unpaid principal balance of $35.5 million.

The Collateral comprises a three-building office complex that was constructed in 1987 - 2001, renovated in 2017, and positioned on a 26-acre site. The Property features 300,111 square feet of net rentable area and is strategically located in the 295 Corridor with close proximity and access to BWI Airport, Baltimore City, Fort Meade, and Washington, DC. As of February 2026, the Property was 81% occupied.

The offering presents investors with the ability to acquire the Loan at a favorable basis, significantly below replacement cost, with a potential direct path to ownership via a planned Deed in Escrow.