$26.4 Million Class-A Office Loan | Baltimore, MD

$26.4 Million Class-A Office Loan  |  Baltimore, MD_待售物业

属性

建筑净面积
30,225 平方米
占用率
76%
建成年份
1989
翻新年份
2021
贷款状态
次级表现
Loan Purpose
Acquisition
报价截止日期
2025/10/07

描述

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $26.4 million non-performing office loan (the “Loan”). The Loan is secured by a first-lien mortgage on the fee simple interest in a 325,340 square foot office property in Baltimore, MD (the “Collateral” or “Property”). The Loan was originated in November 2017 and had a total commitment of $28.7 million with a fully extended maturity date in October 2022. The Loan was subsequently extended several times and currently has a maturity date in October 2025. As of August 2025, the Loan is sub-performing(1) and has a current unpaid principal balance of $26.4 million.


The Collateral comprises a 325,340 square foot class A office building that was constructed in 1989, renovated in 2021, and positioned on a .50-acre site. The Property features a significant concentration of credit tenants expected to deliver approximately $20 million in cash flow over the next eight years, along with additional amenities including a restaurant, multi-level indoor parking garage, and locker room/fitness center. As of May 2025, the Property was 76% occupied with a WALT of 6.4 years.


The offering presents investors the opportunity to acquire the Loan at a favorable basis, significantly below replacement cost, with a potential deed-in-lieu ownership transfer.


(1) Imminent maturity default

...

投资亮点

Path to Ownership

The non-performing loan provides investors with the potential opportunity to step into the ownership position at an attractive basis.


Credit Tenancy

The property is anchored by numerous government credit tenants, providing predictable rental income and reduced credit risk.


Substantial Cash Flow

Without assuming speculative leasing or renewals, the property is projected to generate approximately $20 million in positive cash flow over the next eight years.


Leasing Opportunities

There are multiple outstanding leases that are in the final stages of negotiation and will further enhance the property’s cash flow profile upon execution.

$26.4 Million Class-A Office Loan  |  Baltimore, MD 4_待售物业
$26.4 Million Class-A Office Loan | Baltimore, MD (0个物业)

联系经纪人

有任何问题吗?访问我们的常见问题页面
查看常见问题页面Arrow Right
JLL可以帮助您融资和管理您的投资组合。今天就给我们发邮件,看看我们如何帮助您实现您的目标。
最后更新
2025年9月9日