FINANCED
Business Finance Capital CDC Provides $4.4M Loan For Industrial Property Acquisition In Westlake Village
31111 Via Colinas 201 & 202
Industrial
7,605 SF
7,605 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
Industrial
7,605 sqft
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
Details
FINANCED
IMAGE: Lee Kleinman, Einar Roden & Janet Gevorgian
DATE: 05/27/2021
ADDRESS: 31111 Via Colinas 201 & 202
MARKET: Westlake Village
ASSET TYPE: Industrial
LENDER: Business Finance Capital CDC - Lee Kleinman @Busbnkr
BROKERS: Einar Roden & Janet Gevorgian @JG_images
LOAN AMOUNT: $4,441,250
TERM: This was an owner user purchase through the SBA 504 loan program. 45% of the project was financed by the bank as a 1st mortgage and the SBA will finance 40% as a second mortgage. The property traded for $5,225,000.View on map
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Address31111 Via Colinas 201 & 202
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