Orion Properties extends $355M CMBS loan to 2030 on 19-property suburban office portfolio
Value
$355M
Location
Hopewell (largest property: Princeton Place at Hopewell), Mercer County, New Jersey
Date
2026-02-19
Companies
Orion Properties, Argentic Services, Iron Hound Management, Wells Fargo
Orion Properties secured a three-and-a-half-year extension on its $355 million CMBS loan (WFCM2022-ONL) from February 2027 to August 2030, at an unchanged 4.971% rate, in exchange for ongoing cash sweeps and increased capital expense reserves. The loan is collateralized by 19 suburban office properties totaling 2.1 million square feet, 91% occupied as of December 2025, and appraised at $455 million (down 18% from $556.8 million in 2021). Concurrently, Orion closed a new $215 million senior secured revolving credit facility led by Wells Fargo against a 28-property portfolio, replacing a prior $350 million revolver.
Source
Commercial Observer