$26.4 Million Class-A Office Loan | Baltimore, MD

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $26.4 million non-performing office loan (the “Loan”). The Loan is secured by a first-lien mortgage on the fee simple interest in a 325,340 square foot office property in Baltimore, MD (the “Collateral” or “Property”). The Loan was originated in November 2017 and had a total commitment of $28.7 million with a fully extended maturity date in October 2022. The Loan was subsequently extended several times and currently has a maturity date in October 2025. As of August 2025, the Loan is sub-performing⁽¹⁾ and has a current unpaid principal balance of $26.4 million.

The Collateral comprises a 325,340 square foot class A office building that was constructed in 1989, renovated in 2021, and positioned on a .50-acre site. The Property features a significant concentration of credit tenants expected to deliver approximately $20 million in cash flow over the next eight years, along with additional amenities including a restaurant, multi-level indoor parking garage, and locker room/fitness center. As of May 2025, the Property was 76% occupied with a WALT of 6.4 years.

The offering presents investors the opportunity to acquire the Loan at a favorable basis, significantly below replacement cost, with a potential deed-in-lieu ownership transfer.

(1) Imminent maturity default