$10.3 Million Non-Performing Loan | Denver, CO

$10.3 Million Non-Performing Loan  |  Denver, CO_Pand te koop

Kenmerken

Loan Purpose
Acquisition
Original Balance
$12.5 Million
Origination Date
October 2016
Maturity Date
November 2026
Rate Type
Fixed
Interest Rate
7.0%
Default Interest Rate
Interest Rate + 5.0%

Beschrijving

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $10.3 million non-performing loan (the “Loan” or “Note”). The Loan is secured by the first priority deed of trust on the fee-simple interest in a mixed use property in Denver, CO (the “Property” or “Collateral”). In October 2025, the Loan went non-performing as a result of a payment default. As of October 2025, the Loan has an unpaid principal balance of $10.3 million.


The Collateral is a two-story, mixed use property located in the LoDo neighborhood of Denver, CO. Constructed in 1916 and renovated in 2000, the historic Property comprises approximately 53,000 rentable square feet. As of October 2025, the Property is 66.1% leased to a single tenant with a signed LOI for the remaining space.


The offering presents investors the opportunity to buy a non-performing Loan at a favorable basis, significantly below replacement cost, with a direct path to ownership through a potential deed-in-lieu.

...

Investeringskenmerken

Path to Ownership

Investors will have a direct path to title through a potential deed-in-lieu, allowing investors to step into the ownership position expeditiously upon acquisition of the Loan.


Leasing Momentum

Currently 66.1% occupied, the Property is highly visible with the remaining retail space attracting significant interest from turnkey tenants.


Excellent Ingres and Egress

Strategically located within LoDo, the Property offers immediate ingress/egress to I-25 and walkable accessibility to the multimodal transit hub at Union Station allowing tenants to experience unrivaled commuter convenience.


Vibrant and Bustling Neighborhood

As Denver’s premier live-work-play destination with an irreplaceable historic character, LoDo offers an unparalleled employee experience with its walkable proximity to Denver’s most iconic amenities, including professional sporting events at Coors Field and Ball Arena, the award-winning restaurants and boutiques of Larimer Square, and McGregor Square.

$10.3 Million Non-Performing Loan  |  Denver, CO 4_Pand te koop
$10.3 Million Non-Performing Loan | Denver, CO (0 Eigendommen)

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24 okt 2025