Lee Kleinman Acquires Industrial Property In South El Monte With $4.59M Loan

Lee Kleinman from Business Finance Capital provided a loan of $4,590,000 for the acquisition of an industrial property located at 2309 Edwards Ave in South El Monte. The property, spanning 18,000 square feet and situated on a 36,000 square feet lot, was purchased for $5,100,000.

Summary of Transaction Details

• Property Type: Industrial
• Transaction Amount: $5,100,000
• Address: 2309 Edwards Ave, South El Monte
• Market: South El Monte
• Lender: Lee Kleinman - Business Finance Capital
• Landlord: Allen Lam
• Broker: Carlos Castillo - Daum Commercial Real Estate Services
• Loan Amount: $4,590,000
• Loan Type: Acquisition
• Loan Terms: This was an owner-user purchase through the SBA 504 program where the bank provided a 50% 1st mortgage and the SBA will provide a 40% 2nd mortgage.

Carlos Castillo from Daum Commercial Real Estate Services represented the buyer, facilitating the loan process and ensuring a successful acquisition. With the assistance of the SBA 504 program, the buyer was able to secure favorable loan terms suitable for the acquisition of this industrial property.