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$28MM UPB NJ CRE Non-performing Senior Note A Sale

RealINSIGHT Marketplace and NKF Capital Markets are pleased to present the opportunity to acquire a ~$28MM UPB senior commercial mortgage Note A (“Note”).  Be advised that Note B is not part of this sale.

INVESTMENT HIGHLIGHTS

Substantial In-place Cash Flow100% NNN, non-cancelable, lease with contractual annual rent increases for approximately four years providing safe and substantial cash flow

Short Resolution Period – Receivership recently appointed and foreclosure date expected by 4Q2018

Low Basis – Significant discount to UPB allowing for a basis reset

The Note is secured by a two-building, 100% net leased to an investment-grade tenant, mixed-use property in NJ.  The collateral consists of a two-story, ~100,000 SF, office building and one-story, ~30,000, specialty asset on one parcel featuring excellent curb appeal, and close proximity to abundance of area amenities.

This exceptional offering presents investors the opportunity to acquire a non-performing note with anticipated short path to title secured by a well-located, institutional-quality property, with significant in-place cash flow.

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Non-performing Note Secured by Office Building in Eatontown, NJ

Eatontown, NJ

Sold

Asset Snapshot

  • Asset Type
  • Note
  • Loan Status
  • Non-Performing
  • Original Balance
  • $31,200,000
  • Unpaid Balance (UPB)
  • $27,610,016
  • UPB As Of Date
  • Aug 11, 2018
  • Maturity Date
  • Jan 11, 2017
  • Note Rate
  • 5.742%
  •  
  • Office Type
  • Suburban Office
  • Property Size
  • 129,632 Sq Ft
  • Land Area
  • 15.80 Acres
  • Year Built
  • 2002
  • Number of Floors
  • 2
  • Number of Buildings
  • 2
  • Parking Count
  • 460
  • Occupancy
  • 100.00%
  • Occupancy as of
  • Aug 01, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.