Bureau

$209.5 Million CRE Loan Portfolio

Chicago, Illinois Etats-Unis
Prix attendu Prix : Nous contacter
Surface
Revenu net Revenu net N/A
Taux de capitalisation N/A

Caractéristiques

Loan Status Sub-Performing
Loan Count 14
Type d'actif Office,Retail,Portfolio

Description

Jones Lang LaSalle (“JLL”) has been retained by the Seller on an exclusive basis to arrange the sale of a $209.5 million mixed-performance loan portfolio (the “Loans” or “Portfolio”). The Portfolio includes nine (9) Senior loans (91.6% of UPB), two (2) Mezzanine loans (7.3%), and two (2) B-Note loans (1.1%) together collateralized by Office (71.2%), Multifamily (15.5%), Parking Garage (8.1%), Retail (4.8%), and Hotel (0.4%) assets. The Portfolio offers a vast geographic diversity of credits across ten (10) states with a concentration in New Jersey (25.1% of UPB), Texas (18.9%), Virginia (17.7%), and Illinois (10.2%).

 

The Portfolio is comprised of 100% fixed-rate Loans which carry a WA coupon of 5.25% and have a WA seasoning of 79 months. Nine (9) Loans (54.6% of UPB) are structured with amortization, while four (4) Loans (45.4%) are interest-only for the term. Investors will be able to capture the benefits of strong contractual cash flow with 30 months of term remaining on a weighted-average basis.

 

The Portfolio includes two (2) non-performing loans (22.4% of UPB),  that are both in the process of being modified and will make the Portfolio 100% performing. The offering provides investors the opportunity to acquire a sizable Portfolio of diverse loans with an attractive coupon by loan type, property type, location, and principal balance. The Seller will consider bids for (i) any individual Loan, (ii) any combination of Loans, or (iii) the Portfolio in its entirety.


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Informations Clés

ATTRACTIVE IN-PLACE YIELD: The Portfolio offers attractive in-place yields on a risk-adjusted basis. The Portfolio offers 100% fixed-rate loans with an attractive WA coupon of 5.25%, and all loans feature a combination of prepayment protection including yield maintenance (83.4% of UPB), an exit fee (15.5%), or defeasance (1.1%).


PROVEN PAY HISTORY: With a WA seasoning of 79 months, the Portfolio has had a successful payment track record despite a global pandemic. This is indicative of future performance through the WA remaining term of 30 months.


LONG-TERM OWNERS: 76.9% of the Portfolio by count (64.7% by UPB) was originated to refinance prior debt. Long-term ownership indicates successful, committed borrower groups who have equity to protect.


LOW LEVERAGE POINTS: The Portfolio offers loans across leverage points ranging from 48.3% to 78.6% LTV based on the current UPB. This leaves an implied borrower equity cushion above the last dollar of debt indicated by its 59.1% WA LTV.


Last Updated Date: 14 Jul 2022

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DÉCLARATION DE CONFIDENTIALITÉ 

Jones Lang LaSalle (JLL), ainsi que ses différentes filiales et entités, est une société internationale leader du conseil en immobilier d'entreprise. Nous prenons la responsabilité de protéger avec la plus grande rigueur les informations personnelles qui nous sont confiées. 

En règle générale, les informations que nous recueillons sur vous nous permettent de traiter ou de répondre à votre demande. 

Nous nous engageons à conserver les informations personnelles qui nous sont confiées, avec le niveau de sécurité approprié, et aussi longtemps que nous le jugerons nécessaire pour toute raison professionnelle ou légale. Nous supprimerons ensuite vos données de manière sûre et sécurisée. À tout moment, vous avez la possibilité d’affiner vos préférences en termes de communication et de vous désabonner. 

Pour plus d'informations sur la manière dont JLL traite vos données personnelles, veuillez consulter notre déclaration de confidentialité.

Last Updated Date: 14 Jul 2022

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