リテール

$9.6 Million Non-Performing Loan

State College, ペンシルベニア アメリカ合衆国
希望価格 価格に関するお問い合わせ
エリアサイズ
NOI NOI(運営純収益) 該当なし
キャップレート 該当なし
希望価格 価格に関するお問い合わせ
エリアサイズ
NOI NOI(運営純収益) 該当なし
キャップレート 該当なし

特性

Loan Status Non-Performing
Unpaid Principal Balance
物件リストのタイプ Retail

物件詳細

Jones Lang LaSalle ("JLL") and Ten-X have been retained on an exclusive basis by the Seller, a CMBS special servicer, to arrange the sale of a $9.6 million non-performing loan (the "Loan"). The Loan was originated in December 2010 with an initial balance of $11,200,000 to refinance existing debt and is secured by a first-lien priority mortgage on the fee simple interest in a 120,391 SF grocery-anchored retail center (the "Collateral" or "Property"), in State College, PA. The Loan was structured with a fixed interest rate of 5.97% and P&I payments based on a 30-year amortization schedule through the term, which matured in January 2021.


The Loan was transferred into special servicing in March 2020 when the Borrower defaulted on debt service payments due to a Property level decline in cashflows and COVID-19 issues nationally. The court appointed an uncontested receiver in September 2020, following a foreclosure action filed in August 2020, which is currently in the late stages with a judgment-in-hand. As of October 2021, the Loan is 120+ days delinquent with the current principal balance of $9,564,675.

Collateral

Constructed in 1988 on a 13.32-acre lot, the Property is located 2.2 miles from Pennsylvania State University’s largest campus, University Park – which boasts a student population of over 46,000 and over 2,700 full-time administrative staff. The Property is currently 45.8% occupied, with a near-term expiration date for a 5,286 SF tenant, leaving the Property 41.4% occupied by year-end.

Transaction Auction Dates & Documents

Auction Start Date: Monday, December 13, 2021

Auction End Date: Wednesday, December 15, 2021

Sign the Confidentiality Agreement

インベストメント ハイライト

VALUE-ADD UPSIDE - The Property is forecasted to be 41.4% occupied by year-end, leaving 58.6% of the net rentable area marketable for lease-up increasing in-place cashflows. The 65,301 SF former grocery story has high ceiling heights offering flexibility to accommodate one or more future tenants.

RECIEVER IN PLACE + JUDGMENT IN HAND - An Investor is likely to have an accelerated path to title with a court-appointed receiver appointed and a foreclosure judgement-in-hand.

ATTRACTIVE BASIS - At $9,564,675 in outstanding principal balance, the Loan sits at a healthy and attractive basis of $79 PSF, below replacement cost for like-kind product today.

NEARBY COLLEGE MARKET - Property is located approximately 2 miles from the University Park, the Main Campus of The Pennsylvania State University, a top-ranked university. The student population on campus is approaching 50,000, in additional to full-time faculty and staff.

SUBMARKET LOCATION - The Property is situated directly on East College Avenue, which is the main east/west business artery and thoroughfare connecting State College, providing excellent access and visibility to the property.

最終更新日: 01 Nov 2021

メールアドレスは、会社登録のアドレスをご入力ください。個人メールアドレスまたはGmailやYahooメール等のフリーメールアドレスは場合は、ご返信ができない場合がございます。

リクエストの送信にエラーがありました。 もう一度試すか、こちらまでお問合せください

 

プライバシー通知
ジョーンズ ラング ラサール(JLL)並びにその子会社・関連会社は、不動産に関わるすべてのサービスをグローバルに提供する総合不動産サービス会社です。JLLは責任をもって自社で取り扱う個人情報を保護します。
原則として、個人情報はお問い合わせに応える目的で収集されます。
JLLが収集した個人情報は適切なセキュリティ対策で保護するよう努め、正当な事業上または法律上の理由によって必要とされる限り保管します。その後は、安全に確実に情報を削除します。JLLによる個人情報処理方法の詳細については、プライバシーステートメントをご覧ください。

最終更新日: 01 Nov 2021

ご不明点はありますか? FAQページをご覧ください。

信託受益権は、信託財産である不動産価格の変動によって価格が変動し、投資元本を割り込むリスクがあります。不動産価格は、所在するエリアの人口や新規供給物件数の増減、金利・為替の変動、税制変更、地震等の災害による滅失・毀損、経年劣化、土壌汚染等の隠れた瑕疵の発見等の影響によって変動します。

当社の法令等の遵守について以下にて表明しておりますので、ご確認ください。

https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

JLL  ファイナンス

JLLは皆様の資金調達とポートフォリオ管理をお手伝い致します。
今すぐEメールでご連絡下さい。あなたのアンビション達成をどうお手伝いすることが出来るかお調べします。