745 State AveKansas City, KS 66101

This offering presents a unique opportunity to acquire a non-performing loan secured by a substantial office property in Kansas City, Kansas. The loan boasts a $5,300,000 unpaid principal balance (UPB) and a $7,799,390 full payoff amount, representing a significant discount. The underlying collateral is a two-building, Class B office complex, known as the New Brotherhood Building. The property comprises 160,716 square feet across nine stories, situated on a 43,996 square foot lot. Construction dates span 1911 and 1949, with the original building featuring five stories and the attached building adding nine more. The property includes 186 parking spaces and 40 individual units/suites. Currently vacant, the property is zoned C-D; Central Business District, offering redevelopment potential for office, multifamily, or mixed-use purposes. The property features 5 elevators and unique historical elements including custom-made boilers and a large water tank. The fee simple ownership and first mortgage lien position make this a compelling distressed asset acquisition. The property's address is 745 State Ave, Kansas City, KS 66101, and the APN is 105-062-10-0-20-03-007.00-0 and 105-062-09-0-10-01-022.00-0 and 105-062-10-0-20-03-005.00-0. This is an exceptional opportunity for investors seeking a value-add play in a prime Kansas City location. The property is expected to be vacant until September 20, 2024.