Updated Feb 16, 2024
Business Finance Capital CDC Provides $4.7M Loan For Acquisition Of Chatsworth Industrial Building
20716 Plummer St, Chatsworth, CA, USA
$4,702,500
$234/SF
Building Size
20,034 SF
Asset Type
Industrial
Closing
Sep 12, 2021
About this deal
AI
The property involved in this transaction is a 20,034 square feet industrial building located at 20716 Plummer St. in Chatsworth. The market value of the property is $5,225,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,225,000
- Address: 20716 Plummer St.
- Market: Chatsworth
- Square Footage: 20,034 SF
The lender involved in this transaction is Business Finance Capital CDC. The loan amount provided for the acquisition was $4,702,500. The loan type was an acquisition loan. The loan terms were as follows: 50% of the project was financed by the bank as a 1st mortgage, and the SBA will finance 40% as a 2nd mortgage. Esmeralda Gonzalez is the landlord in this deal.
Players
Chatsworth Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.37%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93