$35.5 Million Office Loan | Linthicum, MD

개요

Status

Matured

Loan Purpose

Refinance

Lien

Deed of Trust

Original Principal Amount

$38,500,000

Current UPB

$35,496,035

No. of Buildings

제안 요청일

2026.05.19.

묘사

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $35.5 million office loan (the “Loan”). The Loan is secured by a first-lien deed of trust on a 300,111 square foot office property in Linthicum, MD (the “Collateral” or “Property”). The Loan was originated in January 2019 with an original principal amount of $38.5 million and an initial maturity in January 2024, which was subsequently extended to January 2026. The Loan failed to pay off at maturity and a Notice of Default was sent to the Borrower in January 2026. As of April 2026, the Loan is in cash management and has an unpaid principal balance of $35.5 million.

The Collateral comprises a three-building office complex that was constructed in 1987 - 2001, renovated in 2017, and positioned on a 26-acre site. The Property features 300,111 square feet of net rentable area and is strategically located in the 295 Corridor with close proximity and access to BWI Airport, Baltimore City, Fort Meade, and Washington, DC. As of February 2026, the Property was 81% 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.

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투자 하이라이트

Strong Defense Tech / Cyber Submarket with Healthy <10% Vacancy Rate

Positioned in the 295 Corridor with immediate access to Fort Meade, US Cyber Command, and Northrop Grumman’s Advanced Technology Lab campus, the Property is ideally located to serve government agencies, defense contractors, and tenants requiring proximity to key national defense installations.

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.

Stabilized Cash Flow

At 81% occupancy, the Property generates meaningful cash flow from day one, providing investors with immediate income while executing on value-add or repositioning strategies.

Strong Underlying Land Value

The Property’s 26-acre site, flexible building footprints, and favorable zoning create a compelling industrial redevelopment opportunity in a supply-constrained corridor with proven logistics demand.