Business Finance Capital CDC Provides $1.575M Loan For North Hollywood Industrial Building Acquisition

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.