$26.1 Million Non-Performing Office Loan

Jones Lang LaSalle Americas, Inc., (“JLL”), has been retained on an exclusive basis by the Northwestern Mutual Life Insurance Company (the “Lender”) to arrange the sale of an $26.1 million nonperforming mortgage loan (the “Loan”) secured by a first-lien mortgage on the borrower’s fee simple interest in a 198,033-SF office /R&D building located the Airport sub-market of San Jose, CA (the “Property”). The Loan was originated in July 2012 and is currently nonperforming having reached maturity default in October 2024.

The offering presents investors with an opportunity to acquire a nonperforming loan secured by a well-located Class A Building with potential upside at an attractive basis. Offering ~5,000 Amps of power, large 25,000 square foot floor plates, 13+ foot slab-to-slab, and +/- 21,000 square feet of existing lab supported by extensive infrastructure, the Property provides investors with desirable lease-up optionality for office and R&D users.

INDICATIVE BID DATE: November 19th

BEST & FINAL BID DATE: December 3rd

CLOSING: December 17th