Non-Performing Note Sale: 68k SF Office Building | Beverly Hills

 $21M Non-Performing Loan at Discount: First mortgage in maturity default offers a basis well below replacement cost in Beverly Hills.

• 57% Leased — Clear Lease-Up Opportunity: Vacant space in a submarket where comparable sub-100K SF office vacancy has compressed to 7.2%.
• Lowest Availability Rate in West LA: Beverly Hills posts an 18.9% availability rate and $6.22 FSG asking rents — top of the Westside.
• 30-Year Ground Lease Extension Upside: One remaining 30-year extension to 2056 would extend horizon and unlock financing optionality.
• 100% Depreciable Leasehold Structure: Leasehold collateral allows depreciation of the full purchase price with no land allocation.
• Irreplaceable Beverly Hills Address: 5.7-sq-mi submarket with 71% bachelor's+, $138K median income, and 65,000+ daytime workers.

RealINSIGHT Marketplace, in partnership with Colliers, is pleased to present the $21 million non-performing first mortgage secured by the leasehold interest in 315 S. Beverly Drive, a 68,422-square-foot, five-story office building in Beverly Hills, California. Originated in 2014 and currently in maturity default with $19.76M outstanding as of March 2026, the Loan offers investors a path to acquire a senior position at a significant discount to par and a basis well below replacement cost. The Property is 57% leased with a 1.10-year WALT, providing a clear lease-up thesis in a submarket where comparable sub-100K SF office vacancy has compressed to 7.2% and Beverly Hills maintains the lowest availability rate (18.9%) and one of the highest asking rents ($6.22 FSG) in West Los Angeles. The collateral is subject to a ground lease with one remaining 30-year extension option through 2056, the exercise of which would materially extend the investment horizon. Because the collateral is a leasehold interest, investors may depreciate the full purchase price. Renovated in 2006 and located adjacent to the Golden Triangle, Rodeo Drive, and Restaurant Row, with the Metro D Line Wilshire/Rodeo station delivering Westside connectivity in 2027, the offering presents multiple pathways to execution backed by improving submarket fundamentals. 

Auctioneer: Emilio Lemeni c/o Fisher Auction Company Inc. License: 00961384. Starting Bid: $1,000,000.