Alternatives

$100 Million CRE Performing and NPL Loan Portfolio

000 Various Various, New York United States
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. 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.
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.

Key facts

Year Built 2000
Building Area

Property 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
William Sledge
Will Sledge
Senior Managing Director, Capital Markets
Kyle Kaminski
Kyle Kaminski
Vice President, Production Support

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Last Updated Date: 18 May 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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