Updated Oct 29, 2024
Business Finance Capital CDC Provides $6.2M Loan For Industrial Property Acquisition In Los Angeles
3721 Capitol Avenue, City of Industry, CA, USA
$6,255,000
$167/SF
Building Size
37,300 SF
Asset Type
Industrial
Closing
Feb 23, 2021
About this deal
AI
The industrial property located at 3721 Capital Ave. in Los Angeles has recently undergone a closed transaction. The property, spanning 37,379 square feet, sits on a 1.87 acre parcel. The transaction involved an owner user purchase through the SBA 504 loan program. The bank provided a first mortgage for 50% of the project, while the SBA financed 40% as a second mortgage. The property was acquired for a total of $6,950,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,950,000
- Lender: Business Finance Capital CDC
- Broker: Lee Kleinman - Unknown Agency
The lender involved in the transaction was Business Finance Capital CDC. Facilitating the deal on behalf of the buyer or seller, Lee Kleinman, from an undisclosed agency, acted as the broker. This closed transaction showcases the successful collaboration between the parties involved in acquiring the industrial property.
Players
El Monte Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit Lee Kleinman to view all their deals.
Browse El Monte industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.54%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93