KCP Credit Alert: Raleigh, NC Office Loan Identified as a KLOC KCP identified the Oddfellows Building loan (COMM 2015-CR24) as a K-LOC due to deteriorating collateral occupancy and maturity concerns. Occupancy was reported at 63% as of June 2024. KCP research indicates approximately 40% of the space is listed as available for lease. The loan is scheduled to mature in June 2025. The 10-story office building comprising 43,000 sf was built in 1924 and most recently renovated in 2007. It is listed on the National Registry of Historic Places. Learn more about KBRA Credit Profile: kcp.kbra.com
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