OFF MARKET Distressed Assets
Your Inside Track to Bank-Direct Deals and Properties.
Portfolios of single family homes, development opportunities, multifamily, healthcare, apartment buildings, commercial including shopping centers and offices, notes, REOs.
To obtain financials and more details, Proof of Funds (POF), Letter of Interest (LOI) and NDA will be required.
| Photo |  |
|---|---|
| Property Type | Office |
| Location | Springfield, Illinois |
| Title | Defaulted Class B 4 Story Office Building with 40 Year Government Tenant Located in Springfield IL WITH POSSIBLE DEED IN LIEU |
| Summary | Defaulted Class B 4 Story Office Building with 40 Year Government Tenant Located in Springfield IL |
| Details | Property has been the home of the State Comptroller for the past 40 years and is located just steps to the Illinois State Capital, Dept of Revenue, the Supreme Court and the Secretary of State. Tenant signed most recent 5-year extension in September 2021 and just submitted notice to renew lease therefore extending the lease until the end of August 2031. |
| Note Details | Original Loan Amount $8,794,245 |
| Current Unpaid Balance | $10,954,709.00 |
| Asking Price | $8,500,000.00 |
| Date Updated | November 30, 2024 |