Fwd: FW: Revolution Mortgage - 570 LC - updated numbers as of 7.9

Tim
Please take a look at the below.
The office in Deerfield we have found a subtenant however they only want to
pay $3740 for the space per month.  So we can let them sublet it and pay
the remaining amount per month or we can pay the lease out and the landlord
will directly lease with the new tenant.
Attached is the analysis, please let me know what you think?  If we need to
jump on a call let me know.
Thanks



---------- Forwarded message ---------
From: Joel Berger <jberger@bradfordallen.com>
Date: Wed, Jul 9, 2025 at 9:16 AM
Subject: FW: Revolution Mortgage - 570 LC - updated numbers as of 7.9
To: Madonna Borger <madonna.borger@thekey.com>
Cc: Stacy Ditka <sditka@bradfordallen.com>


Hi Madonna,



I will call you shortly to discuss, but attached is the final analysis
sheet, based on the final offer from the broker below.



As of 12/1/2025, your total remaining lease obligation (RLO) is $157,416

This new tenant would pay $74,800 in rent over these same months

The only costs (excluding any legal fees for the paperwork) would be to pay
the tenant broker commissions, and the total for that would be $9,140.

If you add the rent shortfall for the Key (total rent owed minus the
sublease income) of $82,616 and the commissions of $9,140, then the TOTAL
BUY-OUT FOR THE KEY WOULD BE $91,757.



This would save the key just under $66,000 in owed rent, or about 42% of
the total RLO.



We would draft a simple termination agreement that the lease would end as
of 11/30/2025, in exchange for a payment of $91,757.



If you don’t want to write a single check to terminate, we could also have
you just sublease the space, and then pay the difference between your
current rent and sublease rent, which would be +/- $3,400 per month.



The risk there is that if the new tenant defaults, or something else
happens where they stop paying rent, then you are still on the hook for the
full rent.



I hope this all helps😊



Talk soon,



*Joel M. Berger*

Senior Managing Director



*Bradford Allen Realty Services*

1900 Spring Road, Suite 502

Oak Brook, IL 60523

*T *630 225 2600  |  *C* 312 231 2267

www.BradfordAllen.com
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*From:* Loveman, Mitchell <Mitchell.Loveman@nmrk.com>
*Sent:* Wednesday, July 9, 2025 9:55 AM
*To:* Joel Berger <jberger@bradfordallen.com>
*Subject:* Revolution Mortgage - 570 LC



Joel,



Per our conversation this am, here is our “best and final” for the
sublease/direct deal for Suite #116 at the 570 LC Rd. Building.



   1. Reduce Base Rent to $3,740/month for months 1-22 of the term.
   2. Three (3) months’ Rent Abatement: October, November, December, 2027.
   3. OK on the parking, all free, 2 UG and 1 reserved by the East
   entrance. Would there by a dedicated sign identified for: Revolution
   Mortgage?
   4. Please provide an itemized list for any equipment, furniture
   inventory that will remain in the Premises.



Thank you,

Mitch



*Mitchell Loveman*

*Executive Managing Director*

Global Corporate Services



*NEWMARK *

500 W Monroe Street, Suite 2900

Chicago, IL 60661

t   312-224-3198

m 312-301-2433

mitchell.loveman@nmrk.com



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-- 
Madonna Borger
Real Estate Director
* Please note my email has changed: *
madonna.borger@thekey.com
<https://brand.thekey.com/esg/madonna.borger@thekey.com>
TheKey.com <https://www.thekey.com/>
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