FINANCED
Lee Kleinman Of Business Finance Capital CDC Provides $11.7M Acquisition Loan For Industrial Property In Los Angeles
2221-2235 East Washington Boulevard
Industrial
37,202 SF
37,202 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
Industrial
37,202 sqft
The industrial property located at 2221-2235 E. Washington Blvd. in Los Angeles was recently involved in a closed transaction. The property spans a total of 37,202 square feet and is situated on an 88,804 square foot lot. The market value of this asset was $13,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,000,000
This acquisition loan was facilitated by Lee Kleinman from Business Finance Capital CDC. Yossi Liani and Ayelet Bazon acted as the landlords in this deal.
The loan amount for this transaction was $11,700,000. The loan type was an Acquisition Loan, specifically through the SBA 504 loan program. The financing structure consisted of the bank providing 50% of the project cost as a first mortgage, while the SBA financed 40% as a second mortgage. It should be noted that the total loan amount exceeded the sale price of the property, which was $13,000,000.
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Lenders
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Details
FINANCED
IMAGE: Lee Kleinman
DATE: 03/01/2022
ADDRESS: 2221-2235 E. Washington Blvd.
MARKET: Los Angeles
ASSET TYPE: Industrial ~ SF: 37,202
LENDER: Lee Kleinman (@Busbnkr) - Business Finance Capital CDC
LANDLORD: Yossi Liani & Ayelet Bazon
LOAN AMOUNT: $11,700,000
LOAN TYPE: Acquisition Loan
LOAN TERMS: This was an owner user purchase through the SBA 504 loan program. 50% of the project was financed by the bank as a 1st mortgage & the SBA will finance 40% as a 2nd mortgage. The building is 37,202 SF situated on an 88,804 SF lot & traded for $13,000,000.View on map
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Address2221-2235 East Washington Boulevard
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