개요

Status

Matured

Loan Purpose

Acquisition

Original Principal Amount

$33,635,340

Current UPB

$20,660,106 (As of May 2026)

Current UPB PSF

$146

Origination Date

11/1/2019

건축년도

1989

리노베이션 년도

2007

임대 가능 면적

13,182 제곱미터

제안 요청일

07/14/2026

묘사

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $20.7 million non-performing office loan (the “Loan”). The Loan is secured by a first-lien mortgage on a 141,891 square foot office property in Columbus, OH (the “Collateral” or “Property”). The Loan was originated in November 2019 with an original maximum principal balance of $33.6 million, a maturity date of November 2023, and was secured by two office properties. The Loan was subsequently amended to release the lien on one of the office properties and extend the maturity date to March 2026. The Loan failed to pay off at maturity and is currently in cash management. As of May 2026, the Loan has an unpaid principal balance of $20.7 million.

The Collateral comprises a twelve-story office complex constructed in 1989 and renovated in 2007, situated on a 0.92-acre site in Columbus, OH. The Property features 141,891 square feet of net rentable area and a six-story parking garage that generates meaningful cash flow. Strategically located in the Brewery District of Columbus, the Property has convenient access to major employment corridors, regional amenities, and crucial thoroughfares. As of April 2026, the Property was 76% occupied.

The offering presents investors with the ability to acquire the Loan at a favorable basis, significantly below replacement cost, with a potential direct path to ownership via a planned Deed in Escrow.

...

투자 하이라이트

Rare Urban Parking Advantage

The building includes an attached 579-car structured garage – a rare and significant competitive advantage in the urban Columbus office market, where parking access is increasingly a primary driver of tenant retention and leasing velocity.

Major Infrastructure Tailwind

As part of ODOT’s $1.4B Downtown Ramp Up Project, Ohio has already invested $700 million into the reconstruction of interstates, with another $250 million of committed funding for future phases that will deliver two continuous lanes of I-70 and I-71 in each direction. The High Street bridge, located in close proximity to the Property, is the next phase of reconstruction, driving long-term connectivity and value to the Brewery District.

Cash Flow Visibility

The near 7-year weighted average lease term insulates the Property from near-term rollover risk, providing a buyer with durable, predictable cash flows through the hold period.

Path to Ownership

With a Deed-in-Escrow anticipated prior to closing, the Loan provides investors with a potential direct path to title at a favorable basis, significantly below replacement cost.