$62.3 Million San Francisco Office Loan

属性

未偿还的本金余额

¥447,899,620

到期日

2026/07/01

建成年份

1990

建筑物数量

楼层数

可租赁面积

15,143 平方米

占用率

74%

报价截止日期

2025/07/23

描述

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $62.3 Million San Francisco Office Loan (the “Loan” or “Note”). The Loan is secured by the first priority deed of trust on the fee-simple interest in a class A office property in San Francisco, CA (the “Property” or “Collateral”).

The Property is a 25-story office building located in the heart of San Francisco’s Financial District. Constructed in 1990, the building features 163,000 RSF. Additionally, the LEED Gold certified building features a comprehensive amenity package, including a conference center, bicycle storage, showers & locker rooms, and a four-level subterranean parking garage. As of May 2025, the Property is 74.0% leased with no single tenant occupying more than 11.0% of the NRA.

Originated in June 2018, the interest-only Loan features an interest rate equal to the greater of (i) 5.50%, or (ii) SOFR + 2.00%. Additionally, the Loan has an upcoming maturity scheduled for July 2026. As of June 2025, the Loan has a current unpaid principal balance of $62.3 million.

The offering presents investors the opportunity to buy a Loan at a reset basis, with investor optionality due to a near term maturity.

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投资亮点

Diverse Rent Roll

Currently 74.0% leased with a WALT of 2.9 years, the Property’s diverse rent roll, spanning across 23 tenants with a staggered expiration schedule, provides stable cash flow and minimized risk for significant vacancy.

Tenant Amenities

The LEED Gold certified Property provides tenants with amenities not commonly found in similar sized properties throughout the city. Such amenities include including a conference center, bicycle storage, showers & locker rooms, and a four-level parking garage.

Exceptional Location

The Property is centrally located in the Financial District blocks away from The Embarcadero and the iconic Ferry Building, which boasts several of the city’s notable attractions, shops, and upscale dining options.