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<div style="display: flex; flex-direction: column; margin-top: 0.15rem; width: 200px; height: fit-content; align-items: left;
 justify-content: center; font-family: Inter,sans-serif; ">
 <img src="https://cf.reverecre.com/cdn-cgi/image/w=200,h=undefined,fit=scale-down/https://storage.googleapis.com/revere-user-uploads/project%2F39a7b5b2-1e4f-4639-881d-9d5e60dfbc7c%2Fb6a00fa6-9946-4077-b8f4-ce8bf7649689" onerror="this.style.display='none'" alt="$94.8 Million Non-Performing Loan | Deed-in-Escrow | Class-A Office | Oakland, CA Image" style="object-fit: cover; width: 200px;" />
 Office 
 
 $94.8 Million Non-Performing Loan | Deed-in-Escrow | Class-A Office | Oakland, CA
 
 Oakland, CA 
 By Jones Lang LaSalle (JLL)

 <a href="/user/c3d8fc1c-8391-469e-95c3-b59e7b1bbac2" style="margin-top: 0.5rem; font-size: 10px; text-decoration: underline;">Tom Hall</a>
 
 Senior Managing Director
 
 
 <a href="tel:212-209-4501" style="margin-top: 0.25rem; font-size: 10px; text-decoration: underline;">212-209-4501</a>
 

 <a href="https://platform.reverecre.com/project/39a7b5b2-1e4f-4639-881d-9d5e60dfbc7c" target="_blank" style="text-decoration: underline; color: #2E74B3; text-align: left; margin-top: 0.5rem">
 View Listing
 </a>
 </div>

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and  investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and  operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. 
Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

Senior Managing Director, Capital Markets

Vice President

Associate

Analyst

Jones Lang LaSalle ("JLL") has been retained on an exclusive basis by the Seller to arrange the sale of a $94.8 million non-performing office loan (the "Loan" or "Note"). The Loan is secured by the first-lien mortgage on the fee-simple interest in a class A office property in the CBD of Oakland, CA (the "Property" or "Collateral"). The Loan sits senior to a $19.3 million mezzanine loan and is in maturity default as of August 2023.

The Collateral is comprised of a 15-story office property and parking garage within downtown Oakland, CA. Built in 1981, the 276,845 SF Property was renovated from 2015 - 2019, including upgrades to the tenant lounge, parking garage, and fitness center. As of October 2023, the Property was 72% occupied. Featuring 379 parking spots via a detached parking garage and open-air spaces, the Property is favorably positioned with close access to Lake Merritt and I-580.

The offering presents investors the opportunity to acquire the Loan at a favorable basis, significantly below replacement cost, with a potential path to ownership.

Tom is a Senior Managing Director in the New York office of JLL Capital Markets, Americas. He joined JLL as part of the HFF acquisition and has 10 years of experience in the commercial real estate and finance industry. He is primarily responsible for loan sales, REO Sales and the origination and execution of debt and equity finance throughout the United States.

Tom started at HFF in June 2017. Before that, he was a managing director with Mission Capital. He began his career with Colonial Bank and BB&T working in the special assets department.

Senior Managing Director