Map pinDenver, CO, US, Americas

$24.1 Million Performing Office Loan | Denver, CO

$24.1 Million Performing Office Loan  |  Denver, CO_待售物业

属性

建筑总面积
14,798 平方米
占用率
72.1%
建成年份
1895
翻新年份
2020
未偿还的本金余额
¥171,183,992
到期日
2024/12/13

投资组合描述

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $24.1 million performing loan (the “Loan” or “Note”) secured a first-lien deed of trust on the fee simple interest in two cross-collateralized office properties (the “Properties” or “Collateral”). The Collateral consists of a 95,394 SF class-A office property and a 65,295 SF class-B office property both located in downtown Denver.


The Note was originated in December 2016 to the Sponsor to acquire the subject Properties. The Loan is structured with a floating interest rate of AMERIBOR + 2.20% and monthly payments of principal & interest. The Loan has a seasoning of 88 months and a maturity date of December 13, 2024. The Note currently carries a 13.8% debt yield and 64.5% LTV. The offering provides investors the opportunity to acquire a performing Note with a near-term maturity.

...

投资亮点

WELL-SECURED LENDER BASIS

The Loans are well-secured by the underlying assets with an LTV of 64.5%.

 

STRONG IN-PLACE CASH FLOW

The two Properties produce robust cash flow resulting in a 13.8% debt yield. With a full cash-sweep in effect, investors can benefit from Property-level income.

 

PROVEN BORROWER COMMITMENT

With a seasoning of 88 months, the Sponsor has proven their commitment to the Properties. This is indicative of future performance through the remaining term.

 

RECENT PROPERTY RENOVATIONS

In 2020, the Sponsor invested in extensive capital and cosmetic improvements, including upgrades to the lobbies, common corridors, and restrooms.

$24.1 Million Performing Office Loan  |  Denver, CO 4_待售物业
$24.1 Million Performing Office Loan | Denver, CO (2个物业)
$24.1 Million Performing Office Loan | Denver, CO (2个物业)

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最后更新
2024年4月24日