$41 Million Non-Performing Office Loan | Houston, TX

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $41 Million Non-Performing Office Loan (the “Loan” or “Note”) collateralized by One Westchase Center (the “Property” or “Collateral”). In October 2017, the Loan was originated in the amount of $47 million to finance the acquisition of the Houston, TX office building. The Note is secured by a first priority deed of trust on the fee simple interest of the Property, with a current maturity date in October 2025. As of August 2026, the Loan is non-performing via maturity default with an unpaid principal balance of $41 million.

One Westchase Center, constructed in 1982 and renovated in 2004, is a 12-story office building totaling 466,159 square feet of NRA and is situated on a 5.25-acre site. The Property benefits from a six-level parking garage totaling 1,636 stalls, extensive amenities, on-site property management and 24-hour security. As of August 2026, the Property is 64% occupied.

The offering presents investors with the ability to acquire a non-performing Loan at an attractive basis, significantly below replacement cost, with a potential path to title.