特性

Status

Sub-Performing | Deed-in-Escrow

Origination Date

10/31/2013

Maturity Date

2/1/2027

Current Principal Balance

$35,767,508

入札終了日

08/25/2026

形容

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $35.8 Million Sub-Performing Office Loan (the “Loan”). The Loan is secured by a first lien deed of trust on the leasehold interest on two office buildings. (the “Property”, “Properties” or “Collateral”).

Originated in October 2013, the Loan financed the acquisition of Farmers Plaza. The eight-year note is structured with a floating interest rate of SOFR + 2.50% and is interest only. The Loan has been extended several times with the most recent extension resulting in a maturity date in February 2027. As of July 2026, the loan is sub-performing with an unpaid principal balance of $35,767,508.

The Collateral consists of two 11-story Class A office buildings totaling 542,129 square feet and located in the heart of Warner Center in Woodland Hills, California. The institutional-quality campus, built in 1979 and renovated in 2000, underwent over $9.5 million in capital improvements invested since 2017 to create a best-in-class office environment with a state-of-the-art fitness center, premium amenities, and abundant parking.

The offering presents investors with the unique opportunity to acquire a sub-performing loan at a favorable basis, significantly below replacement cost, with a potential direct path to ownership via a planned Deed-in-Escrow.

...

投資のハイライト

Strategic Office Location with Excellent Connectivity

Farmers Plaza is located in the premier Warner Center submarket of Woodland Hills with direct access to Freeway 101, providing connectivity to the surrounding affluent residential neighborhoods and business communities as well as the broader San Fernando Valley and Los Angeles area.

Highly Rated and Investment Grade Tenancy

The Property benefits from institutional tenancy (S&P AA- rated) that provide credit strength, stability, and income certainty. Additionally, recent renewals have demonstrated strong commitment and long-term occupancy.

History of Institutional Ownership and Management

Farmers Plaza has benefited from institutional ownership and professional management, with ongoing capital investment ensuring investors will inherit a well-maintained asset.

Deed-In-Escrow

Investors will have a direct path to ownership with an anticipated deed-in-escrow, allowing investors to promptly step into the ownership position with minimal friction costs at a favorable basis, significantly below replacement costs.