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$100 Million CRE Performing and NPL Loan Portfolio

000 Various Various, New York United States
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2000
Building Area

Asset Description

Jones Lang LaSalle (“JLL”) has been retained by the Seller, a regional bank, on an exclusive basis to arrange the sale of a ~$100 million CRE loan portfolio (the “Loans” or the “Portfolio”). The 25-relationship Portfolio includes forty-one (41) CRE loans with a total principal balance of $99.7 million (99.4% of UPB) secured by first-lien mortgages and two (2) C&I loans. The Loans feature a WAC of 4.0%, a WA LTV of 57.4%, and a WAM of 5/15/2026.

Investment Highlights

  • The Portfolio consists of twenty-four (24) performing loans with a total principal balance of $93.2 million (93.5% of UPB) and nineteen (19) non-performing loans with a total principal balance of $6.5 million (6.5% of UPB). The underlying CRE collateral is primarily located in New York (39 loans, $99.1 million, 99.4% of UPB) which consists of mixed-use (29.1% of UPB), multifamily (28.3% of UPB), office (24.0% of UPB), and retail (11.6% of UPB) properties.
  • The Portfolio will be offered in four (4) sub-pools: (i) Brooklyn CRE Relationship; (ii) Small Balance CRE Pool; (iii) New York Office Relationship; and (iv) New York Retail Condo Loan. JLL will consider bids for (i) any sub-pool, (ii) any combination of sub-pools, or (iii) the Portfolio in its entirety.
Last Updated Date: 18 May 2021

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Last Updated Date: 18 May 2021

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