Executive Towers West In Downers Grove Illinois Secures $54.09M Loan Facing Default
1400 Opus Place, 1411 Opus Place & 1431 Opus Place
$54,090,000
$26/SF
Building Size
671,416 SF
Asset Type
Office
Closing
Oct 30, 2026
About this deal
AI
Executive Towers West is an office complex located at 1400, 1411 & 1431 Opus Place, Downers Grove, IL, encompassing a total area of 671,416 square feet. The asset is currently associated with a $54,090,000 CMBS loan that has transferred to special servicing due to anticipated default and declining occupancy rates.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $54,090,000
- Loan Amount: $54,090,000
- Asset Size: 671,416 SF
- Address: 1400, 1411 & 1431 Opus Place
- Market: Downers Grove, IL
- Landlord: Group RMC
- Current Occupancy: 63%
- Cash Flow: $1.87 million
- Underwritten Annual Target: $6.45 million
- Loan Maturity Date: August 2028
The transaction involves Group RMC as the landlord and highlights the challenges faced by the asset, particularly the significant drop in occupancy and cash flow below expectations. The loan status remains current as of now, reflecting the immediate financial implications related to the CMBS loan structure.
On the Map
$54,090,000
$26/SF
Office
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Ashby Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93