NorthStar Income II Originates $21.6 Million Senior Loan

New York, NY (June 27, 2016) ā€“ NorthStar Real Estate Income II, Inc. (NorthStar Income II) announced today that, through a subsidiary of its operating partnership, it originated a $21.6 million senior loan secured by a retail property located in Colton, California.

Investment highlights include:

    • 91% occupied by a diverse array of national and local retailers;
    • The borrower, an affiliate of a Los Angeles-based real estate investor, plans to invest an additional $1.96 million (approximately $16.75 per square foot) in capital expenditures, tenant improvements and leasing commissions over the term of the loan; and
    • Located in the densely populated Inland Empire metropolitan area in close proximity to primary interstate highways.

As of March 31, 2016, adjusted for acquisitions and commitment to purchase and sell through May 6, 2016 and this $21.6 million senior loan, NorthStar Income IIā€™s $1.3 billion portfolio consists of 16 senior mortgage loans, 24 real estate operating portfolios, three subordinate interest investments, one mezzanine loan, two portfolios of real estate private equity funds and six commercial mortgage-backed securities investments.

This website is neither an offer to sell nor a solicitation of an offer to purchase any NorthStar investment Program, NorthStar Investment Programs are only offered by means of a prospectus. This material must be read in conjunction with a prospectus in order to understand fully all the implications and risks of an offering of securities to which it relates. Neither the Securities and Exchange Commission nor any state securities regulator has passed on or endorsed the merits of this offering. Any representation to the contrary is unlawful. Consult the prospectus for suitability standards in your state. Securities offered through NorthStar Securities, LLC, member FINRA/SIPC. NorthStar Securities, LLC is doing business as NorthStar BD Securities, LLC (DE) in the following states: FL, GA, TX and WA.