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John Baker Lands $8.73M Loan For Industrial Property Acquisition In Santa Fe Springs

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FINANCED
$8,730,000

California

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Industrial29,649 SF
Financed
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FINANCED

John Baker Lands $8.73M Loan For Industrial Property Acquisition In Santa Fe Springs

10410 Pioneer Boulevard

See Similar Deals
Industrial29,649 SF
Financed
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$294
Total Square Footage:29649 SF
Transaction Type:Loan

The property involved in the transaction is an industrial asset located at 10410 Pioneer Boulevard in Santa Fe Springs, encompassing a total square footage of 29,649. The transaction secured a loan amount of $8,730,000 for acquisition purposes, which is part of an owner user purchase through the SBA 504 program. This facility also includes financed tenant improvements, contributing to a total project cost of $9,709,013.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $8,730,000
  • Loan Type: Acquisition
  • Loan Terms: Owner user purchase through SBA 504 program with financed tenant improvements
  • Total Project Cost: $9,709,013
  • Lender: Lee Kleinman - Business Finance Capital CDC
  • Landlord: John Baker
  • Date: 12/23/2025

Key individuals involved in this transaction include Lee Kleinman, who served as the lender for the loan secured through Business Finance Capital CDC. The landlord for the property is John Baker, facilitating the deal within the local market of Santa Fe Springs.

Players

Lee Kleinman
25 deals$145.2M volume
LENDER

Details

FINANCED
IMAGE: Lee Kleinman DATE: 12/23/2025 ADDRESS: 10410 Pioneer Boulevard MARKET: Santa Fe Springs ASSET TYPE: Industrial ~ SF: 29,649 LENDER: Lee Kleinman (@Busbnkr) - Business Finance Capital CDC (@BFCFunding) LANDLORD: John Baker LOAN AMOUNT: $8,730,000 LOAN TYPE: Acquisition LOAN TERMS: This was an owner user purchase through the SBA 504 program for a two story industrial/office building with financed tenant improvements. Total Project Cost was $9,709,013. Congratulations to all!

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,730,000.00

Monthly NOI$58,200.00
Monthly Debt Service$55,179.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00