1415 Louisiana
1415 Louisiana St, Houston, TX, 77002-7360, US
属性
Loan Purpose
Acquisition
Origination Date
10/5/2017
Maturity Date
10/9/2025
Payment Type
Interest Only
Rate Type
Floating
Interest Rate
8.39%
Default Rate
Interest Rate + 4.00%
Site Size
5.254 Acres
# of Buildings
1
# of Stories
12
报价截止日期
10/06/2026
描述
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $41 Million Non-Performing Office Loan (the “Loan” or “Note”) collateralized by One Westchase Center (the “Property” or “Collateral”). In October 2017, the Loan was originated in the amount of $47 million to finance the acquisition of the Houston, TX office building. The Note is secured by a first priority deed of trust on the fee simple interest of the Property, with a current maturity date in October 2025. As of August 2026, the Loan is non-performing via maturity default with an unpaid principal balance of $41 million.
One Westchase Center, constructed in 1982 and renovated in 2004, is a 12-story office building totaling 466,159 square feet of NRA and is situated on a 5.25-acre site. The Property benefits from a six-level parking garage totaling 1,636 stalls, extensive amenities, on-site property management and 24-hour security. As of August 2026, the Property is 64% occupied.
The offering presents investors with the ability to acquire a non-performing Loan at an attractive basis, significantly below replacement cost, with a potential path to title.
...
投资亮点
Strategic Suburban Office Location
The Property is located in the Westchase submarket providing convenient access to diverse hospitality, retail, and dining options, while offering excellent connectivity to the greater Houston metro via Westheimer Road, Sam
Houston Tollway, and Interstate 10.
Flexible Floor Plans and Signage Opportunity
One Westchase Center offers flexible floor plans ranging from 600 - 15,000 SF with monument and building signage opportunities, attracting a diverse tenant base.
Best-in-Class Amenities
The Property features a complete suite of amenities including a café, fitness center, conference facility, six-level parking garage, on-site security and management team, and auto detailing service.
Path to Ownership
The non-performing Loan provides investors with a potential path to title at a significant discount to replacement cost.
媒体
$41 Million Non-Performing Office Loan | Houston, TX (0个物业)
