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  • Two class B office buildings
  • Refinance of an existing CMBS loan
  • 90% of net rentable area is leased to one tenant
  • Near-term roll risk with majority tenant
  • Identified repairs will be necessary during loan term
  • Structured creative rollover and capital improvement reserves
  • Major tenant has occupied their space for over 20 years and is financially strong
  • Buildings can be easily demised should major tenant vacate
  • Non-recourse
  • 10-year term
  • Flexible amortization schedule