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$180 Million | Non-Performing Loan Sale | Washington, D.C. Office
Asset ClassOffice
$180 MILLION | NON-PERFORMING LOAN SALE | WASHINGTON, D.C. OFFICE
overview of deal

Overview

Cushman & Wakefield is pleased to offer for sale a non-performing first mortgage loan totaling approximately $180 million (the “Loan”). The Loan is secured by a Class A property totaling over 600k square-feet of office, retail, and parking, fronting one of the most coveted arterials in D.C.’s central business district (the “Property” or “Collateral”).

Investment Highlights

Unique Multifaceted Investment Opportunity: Offering affords prospective purchasers a multi-prong approach to optimize investment returns with potential scenarios for redevelopment to mixed-use, value-add lease-up, loan recapitalization, property parcelization, and more.

 

Non-Performing, Defaulted First Mortgage Loan with Multiple Resolution and Value-Creation Strategies: New buyer can benefit from non-performing, defaulted loan status. Acquisition at a reduced basis will afford new investor optimal flexibility to pursue loan resolution and implement multiple value-creation strategies.

 

One of D.C.'s Premier Addresses, Strategic Location: The collateral property benefits from being situated in D.C.’s primary business hub proximate to a wide variety influential law firms, federal agencies, non-government organizations and international industry leaders nearby.

 

Excellent Amenity Base: Situated on the Metro line with a coveted address, the Property enjoys direct walkable access to an abundance of high-quality amenities nearby.

 

Institutional Ownership and Management: The Property has been institutionally owned, managed and maintained to the highest of industry standards.

 

Parking: Abundant parking below grade that could be accretive for potential investors and enhance future repositioning or redevelopment scenarios.

 

Reset Loan Basis, In-Place Cash Flow, Attractive Investment Return Profile: Unique situation to find cash-flowing collateral supporting a non-performing note presenting an attractive risk-adjusted return opportunity.

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