FINANCED
Business Finance Capital CDC Provides Acquisition Loan For Industrial Property In Cudahy
4933 Cecilia Street
Industrial
26,500 SF
26,500 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
Industrial
26,500 sqft
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.
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2
Agents
1
Lenders
1
Details
FINANCED
IMAGE: Lee Kleinman
DATE: 03/23/2022
ADDRESS: 4933 Cecilia St.
MARKET: Cudahy
ASSET TYPE: Industrial ~ SF: 26,500
LENDER: Business Finance Capital CDC
LANDLORD: Amir Norbakhsh
BROKER: Lee Kleinman (@BusBnkr) - Business Finance Capital CDC
LOAN AMOUNT: $4,285,800
LOAN TYPE: Acquisition
LOAN TERMS: This was an owner user purchase through the SBA 504 loan program. 50% of the project was financed by the bank as a 1st mortgage & the SBA will finance 40% as a 2nd mortgage. The property consists of two metal buildings & traded for $4,762,000.View on map
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Address4933 Cecilia Street
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