Updated Apr 3, 2026
Business Finance Capital CDC Provides $1.575M Loan For North Hollywood Industrial Building Acquisition
7337 Greenbush Ave North Hollywood, CA 91605, USA
$1,575,000
$371/SF
Building Size
4,240 SF
Asset Type
Industrial
Closing
Jun 23, 2023
About this deal
AI
The property involved in this transaction is an industrial building located at 7337 Greenbush Ave in North Hollywood. It has a total area of 4,240 square feet and sits on a 0.20 acre lot. The property was traded for $1,750,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,750,000
- Market: North Hollywood
- Lender: Business Finance Capital CDC - Lee Kleinman
- Landlord: Grayr Agadzhanyan
- Broker: David Hoffberg - Delphi Business Properties
This owner-user purchase was made possible through the SBA 504 program, where the bank provided a 50% first mortgage and the Small Business Administration (SBA) will provide a 40% second mortgage. The loan amount for this acquisition was $1,575,000. It is worth noting that this transaction involved the collaboration of Lee Kleinman from Business Finance Capital CDC as the lender's representative and David Hoffberg from Delphi Business Properties as the broker.
On the Map
$1,575,000
$371/SF
Industrial
View full map
Players
Los Angeles Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit David Hoffberg to view all their deals.
Browse Los Angeles industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93