OPC, in partnership with Rising Realty Partners and a U.S. private equity fund, closed on the acquisition of the non-performing $10.7 MM senior mortgage secured by an office property in Agoura Hills, CA. The JV purchased the non-performing loan at a 25% discount on the outstanding principal balance of the loan. Currently the JV is executing a $2.0 MM renovation plan, including painting the exterior of the building, re-landscaping, and upgrading the lobby, elevators and the common areas.

  • Asset Type:

  • Location:

  • Size / Occ:

  • Built / Reno:

  • In-place NOI:  

  • Local Tenant / Drivers:

Office

Agoura Hills (Los Angeles), CA 

61,852 sf / 75%

1984 / 2008 / 2017

$520K (est. Year 5 NOI; $1.1 MM)

Wealthy demographics with a population

of 51K and an HH income of $144K 

  • UPB:

  • Status:

  • Maturity Date:

$10.7 MM ($173 psf)

Non-Performing / REO 

Defaulted / Foreclosure in

45 days

Obtained title / Renovate / Reposition / Refinance / Stabilize / Sell

OAK PASS CAPITAL MANAGEMENT

100 Wilshire Blvd., Suite 1845 I Santa Monica, CA 90401

Phone: 310.728.1200 I Fax: 310.300.1515

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