$22.5 Million Non-Performing CMBS Loan_Actifs en vente
$22.5 Million Non-Performing CMBS Loan_Actifs en vente
Frankfort, KY, US

$22.5 Million Non-Performing CMBS Loan

Description de l'actif

Jones Lang LaSalle Americas, Inc (“JLL”)

has been retained on an exclusive basis to

arrange the sale of a $22,580,000 loan (the

“Loan”) secured by a fi rst-lien mortgage

on a 379,135-SF portfolio of fi ve off ice

properties (the “Portfolio” or “Properties”)

located throughout Frankfort, KY. The Loan

was originated in January 2019 to fi nance

the acquisition of the Properties which

were acquired in two separate transactions.

The ten-year Loan required 48 months of

interest-only payments based on a fi xed

5.150% rate with principal and interest

payments due to commence in March 2023.

The Loan went into default in October 2022

and was accelerated in December 2022 with

default interest now accruing.

Important Dates:

Indicative Bid Date: Thursday, May 11, 2023

Best & Final Date: Thursday, June 1, 2023

Click below to Sign Electronic NDA and gain access to the data-room:

$22.5 Million Non-Performing CMBS Loan


Caractéristiques de l'actif

Status du prêt
Nombre de prêts
Taux d'intérêts actuels
Date de maturité
Type d'actif


Points clés d'investissement


The Loan is in default and cash fl ow is insuff icient to continue to pay future debt service

payments. It is anticipated that a receiver will be in place before the end of April.


The fi ve Properties consist of diff erent styles and sizes of buildings with varying levels of

occupancy, which could allow for value to be realized by selling the individual properties

separately. The largest property is a mix of off ice and fl ex buildings situated on a more than

25-acre campus-like setting.


Current Portfolio occupancy is 55.1%. Despite the drop in occupancy since Loan origination,

the Portfolio is expected to continue to generate approximately $1.4 million of net operating


Contacter l'équipe

$22.5 Million Non-Performing CMBS Loan (0 actifs)

Acitfs similaires

Voir plusChevron Right
Vous avez des questions ? Consultez notre page FAQ
Voir la page FAQArrow Right
JLL peut vous accompagner dans le financement et la gestion de votre portefeuille. Contactez-nous pour découvrir comment nous pouvons vous aider.
Dernière mise à jour
20 avr. 2023