Updated Oct 28, 2024
Business Finance Capital CDC Provides $4.4M Loan For Industrial Property Acquisition In Westlake Village
31111 Via Colinas, Westlake Village, CA 91362
$4,441,250
$584/SF
Building Size
7,605 SF
Asset Type
Industrial
Closing
May 27, 2020
About this deal
AI
The industrial property located at 31111 Via Colinas 201 & 202 in Westlake Village recently underwent a closed transaction. The property was purchased by an owner user through the SBA 504 loan program. The bank financed 45% of the project as a first mortgage, while the SBA provided 40% financing as a second mortgage. The total transaction amount for the property was $5,225,000, with a loan amount of $4,441,250.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,225,000
- Loan Amount: $4,441,250
- Address: 31111 Via Colinas 201 & 202
- Market: Westlake Village
Lee Kleinman from Business Finance Capital CDC acted as the lender in this transaction. Einar Roden and Janet Gevorgian represented the parties involved as brokers.
Players
Westlake Village 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
3.57%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93