Business Finance Capital CDC Provides $8.9M Loan For Industrial Property Acquisition In San Fernando Valley

An industrial property located at 7950 Woodley Ave. in the San Fernando Valley was recently involved in a closed transaction. The property has a total area of 25,920 square feet and is situated on a 51,497 square foot lot. The transaction took place on June 3, 2022.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $9,872,000

The loan for the acquisition of this property was provided by Business Finance Capital CDC. The loan amount was $8,884,800. It was an owner-user purchase facilitated through the SBA 504 loan program. The financing structure involved a 50% first mortgage provided by the bank and a 40% second mortgage provided by the SBA. Notably, Lee Kleinman, a broker, represented the involved parties in this transaction.