The industrial property located at 7046 Darby Avenue in Reseda, spanning 4,835 square feet on a .42-acre site, was purchased for $3,100,000. The acquisition was facilitated through an owner-user purchase with financing obtained via the SBA 504 program. The loan structure involved a 50% 1st mortgage provided by the bank and a 40% 2nd mortgage from the SBA.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,100,000
• Lender: Lee Kleinman - Business Finance Capital CDC
• Landlord: Noam Ziv
• Loan Amount: $2,790,000
• Loan Type: Acquisition Loan

In this transaction, Lee Kleinman from Business Finance Capital CDC acted as the lender, supporting the acquisition of the industrial property in Reseda. The landlord, Noam Ziv, played a pivotal role in the deal, overseeing the property's transition as it changed ownership through the SBA 504 program.