개요

Loan Purpose

Acquisition

Lien

First Mortgage

Original Balance

$23.4 Million

Current UPB

$21.4 Million

Current UPB PSF

$184

제안 요청일

08/25/2026

묘사

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $21.4 million non-performing loan (the “Loan”). The Loan is secured by first-lien mortgage on a five-story office building in Boca Raton, FL (the “Property” or “Collateral”). Originated in 2021, the Loans had an initial principal balance of $23.4 million, with a floating interest rate of SOFR + 1.80%. The Loan matured in January 2026, and as of June 2026, the unpaid principal balance stands at $21.4 million.

The Collateral comprises a class A office building constructed in 1989 and located in the premier live-work-play destination of Boca Raton, Florida. The Property features 115,986 square feet of net rentable area in a highly sought after and amenitized submarket. As of March 2026, the Property was 86.2% leased.

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투자 하이라이트

Strong In-Place Operations

The Property is 86.2% leased with favorable leasing momentum, providing stable cash flow and future occupancy.

Premier Live-Work-Play Destination

Located in one of South Florida’s most amenitized submarkets, the Property benefits from proximity to high-end retail, dining, residential communities, and recreational facilities that create a compelling work environment and attract quality tenants seeking locations with superior lifestyle amenities.

Irreplaceable Site with Strong Land Basis

The 9.65-acre site in a supply-constrained Boca Raton submarket offers inherent value protection, with the land component providing significant downside protection.

Business Plan Optionality

Having reached scheduled maturity, the Loan affords a purchaser the flexibility to remain in a lender position via extension or modification, or to pursue remedies and acquire the fee.