$23.1 Million Sub-Performing Office Loan | Los Angeles, CA

Description

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $23.1 million sub-performing office loan (the “Loan” or “Note”). The Loan is secured by the deed of trust on the fee-simple interest in a class A office property in Los Angeles, CA (the “Property” or “Collateral”). The Loan was originated to refinance the existing debt on the Property in February 2021 and has an upcoming maturity date in February 2026. As of November 2025, Loan is in cash management and is sub-performing, with an unpaid principal balance of $23.1 million.

Located in Los Angeles, CA, the Property is a four-story multi-tenant office building that is approximately 75,000 RSF. Constructed in 1984 and renovated in 2021, the Property is the winner of the Gold Award Winner for Best Office Project. Additionally, its strategic positioning between Studio City, Burbank, and Hollywood provides tenants with unparalleled access to the world’s leading media companies, solidifying its status as a premier entertainment industry hub. As of November 2025, the Property is 39.9% occupied.

The offering presents investors the opportunity to buy this sub-performing Loan, benefiting from investor optionality due to a near term maturity in February 2026.

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Attributes

Building area net

7,034 m²

Occupancy

39.9%

Year built

1984

Call for offers

16/12/2025

Media

Investment Highlights

Gold Award Winner for Best Office Project

Winning the Gold Award for Best Office Project for their 2021 renovation, the Property features high-volume creative spaces with abundant natural light / private balconies and modernized common areas.

Metro Accessibility

As a premier transit hub, the Property provides outstanding connectivity for tenants, located just a short walk from the Metro Redline with direct vehicular access to the 101 and 134 freeways.

Strategic Office Location

Commanding a prime location adjacent to Universal Studios, the Property provides media and entertainment tenants with unparalleled access to the nearby headquarters of Warner Bros, Disney, and CBS, solidifying its status as a strategic hub for the industry.

Premium On-Site Parking

The Property features a 213-space subterranean garage, offering secure on-site tenant parking and a diversified income stream driven by public demand from the numerous community amenities and theme parks.

Buyer Optionality

The upcoming maturity date of the Loan in February 2026 and the resulting impact to the Loan’s performance could lead to various potential resolution strategies for investors.