Non-Performing Note Sale: 150,000+ SF Office Building | Los Angeles

Highlights:

• Premier Wilshire Boulevard office tower in the heart of Downtown's Financial District.
• 99 Walk Score and a perfect 100 Transit Score walking distance to many of the city’s most popular dining establishments.
• Non-performing $22 Million senior loan allows pursuit of various asset resolution strategies.
• In-place NOI of $1.5 Million at existing occupancy of 56% offers opportunity for material value creation through repositioning to a stabilized NOI of $3.4 million.
• Corner location offering extensive natural light, and spectacular skyline and city views.
• 14,781 SF of divisible, prime ground floor retail with 18' ceilings.

Description:

Ri Marketplace Online Auction April 13th-15th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3068/office/los-angeles/ca?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=office_3068

Cushman & Wakefield, in conjunction with RealINSIGHT Marketplace, is offering the opportunity to purchase a mortgage loan (the “Loan”) secured by 626 Wilshire Boulevard, a 153,758-square-foot, prominent 12-story office tower (“626 Wilshire” or the “Property”) located in Downtown Los Angeles’ Financial District. Recent lease commitments totaling 15,000 square feet at the Property from tenants in law, engineering, architecture, and energy demonstrate Downtown’s market recovery and the potential for meaningful value creation of the collateral.

Bank of America (“Lender”) originated the mortgage loan with an initial principal balance of $27,000,000 in June 2015 (the “Loan”) to refinance the Property for the Sponsor. The Loan was originated with an initial term of ten years and matured in July 2025. The Loan is now in monetary default, and the Lender’s representatives have taken prudent steps to protect its interests.


Emilio Lemeni
c/o Fisher Auction Company Inc.
License: 00961384
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: