Updated Feb 16, 2024
Business Finance Capital CDC Provides Acquisition Loan For Industrial Property In Cudahy
4933 Cecelia Street, Cudahy, California 90201, United States
$4,285,800
$161/SF
Building Size
26,500 SF
Asset Type
Industrial
Closing
Mar 22, 2022
About this deal
AI
An industrial property located at 4933 Cecilia St. in Cudahy has been sold. The property has a total area of 26,500 square feet and was acquired through the SBA 504 loan program. The purchase price for the property was $4,762,000, with financing provided by the bank and the Small Business Administration (SBA).
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $4,762,000
- Loan Amount: $4,285,800
- Loan Type: Acquisition
- Lender: Business Finance Capital CDC
- Landlord: Amir Norbakhsh
- Broker: Lee Kleinman - Business Finance Capital CDC
The SBA 504 loan program allowed the buyer to finance 90% of the purchase. The bank financed 50% of the project as a first mortgage, while the SBA provided the remaining 40% as a second mortgage. The property consists of two metal buildings, making it suitable for industrial purposes.
Players
Cudahy 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
3.70%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93