属性

Origination Date

May 2017

Maturity Date

August 2026

Original Loan Balance

$4,525,000

Unpaid Principal Balance

$ 6,068,440

报价截止日期

08/25/2026

描述

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $6 Million Mixed-Use Loan (the “Loan” or “Note”). The Loan is secured by the first priority mortgage on the fee-simple interest in a mixed-use campus in Walpole, MA (the “Collateral” or “Property”). In February 2026, the Loan became non-performing for failing to maintain a DSCR of at least a 1.30x. As of July 2026, the Loan is non-performing with an unpaid principal of $6 million.

Comprised of seven multistory and interconnected buildings, the Collateral is a mixed-use campus ideal for office, R&D, lab, light industrial, and storage uses, as well as potential for residential conversion. The Property was originally constructed in 1867 and has expanded multiple times with the latest occurring in 1968. Additionally, the Property totals 230,000 rentable square feet and has 459 open-air parking spaces via an on-site parking lot and two adjacent parking lots. As of February 2026, the Property was 47.2% leased.

The offering presents investors the opportunity to buy a non-performing loan at a favorable basis with near term maturity, significantly below replacement cost, providing a potential path to ownership.

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投资亮点

Incredible Basis at a Major Discount to Replacement Cost

The offering allows an investor the opportunity to acquire the Loan at refreshed basis, below replacement cost, and at a discount to the current Sponsor’s cost basis.

Favorable Repositioning Optionality

Favorable multifamily market dynamics and existing CBD zoning that permits multifamily creates immediate, high-value repositioning opportunities.

Walpole Robust Demographics

Within a one-mile radius of the Property, the area exhibits robust demographics, with an average household income of $168,000 and over 53% of the population possessing a bachelor’s degree or higher.

Unrivaled Commuter Access

The Property offers unparalleled commuter flexibility, featuring 459 on-site parking spaces and direct walking access to the Walpole Commuter Rail Station.