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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;" />
    <p style="margin-top: 0.5rem; text-transform: uppercase; font-size: 10px; letter-spacing: 0.025em;"> Office </p>
    <p style="margin-top: 0.05rem; color: #0D1321; text-align: left; font-weight: 400; font-family: Cormorant Garamond, serif; font-size: 20px;">
      $94.8 Million Non-Performing Loan | Deed-in-Escrow | Class-A Office | Oakland, CA
    </p>
    <p style="margin-top: 0.25rem; text-transform: uppercase; font-size: 8px; letter-spacing: 0.1em;"> Oakland,  CA </p>
    <p style="margin-top: 0.25rem;">By Jones Lang LaSalle (JLL)</p>
    <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>


JLL is a leading professional services firm that specializes in real estate and investment management. We shape the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of approximately 91,000 as of December 31, 2020. We provide services for a broad range of clients who represent a wide variety of industries and are based in markets throughout the world. Our clients vary greatly in size and include for-profit and not-for-profit entities, public-private partnerships and governmental ("public sector") entities looking to outsource real estate services. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities.

Senior Managing Director, Capital Markets

Vice President

Associate

Analyst

Senior 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