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$173 Million Non-Performing Loan Sale

Unknown Fort Lauderdale, FL United States 33004
Asking Price Contact for pricing
Sq. Footage N/A
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 0

Property Description

The Class A complex is strategically located near the Ft. Lauderdale International Airport, one of the fastest growing airports by passenger volume in the United States. It enjoys superior visibility along I-95, the region’s primary arterial, with a traffic count of over 218,000 VPD.

Investment Highlights

Jones Lang Lasalle (“JLL”) has been exclusively retained to offer qualified investors the opportunity to acquire a $173 million non-performing loan relationship (the “Loans”) comprised of two senior, pari passu loans. The loans matured February 1, 2019 and currently carries a 4.00% default rate, elevating the all-in coupon to 9.5%.
Tom Hall
Tom Hall
Managing Director

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