FINANCED
Business Finance Capital CDC Provides $8.9M Loan For Industrial Property Acquisition In San Fernando Valley
7950 Woodley Avenue
Industrial
25 SF
25 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
Industrial
25 sqft
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.
Players
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1
Agents
1
Details
FINANCED
IMAGE: Lee Kleinman
DATE: 06/03/2022
ADDRESS: 7950 Woodley Ave.
MARKET: San Fernando Valley
ASSET TYPE: Industrial ~ SF: 25,920
LENDER: Business Finance Capital CDC (@BFCFunding)
LANDLORD: David Sewitz & Nicholas Sewitz
BROKER: Lee Kleinman (@BusBnkr)
LOAN AMOUNT: $8,884,800
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 building is 25,920 SF situated on a 51,497 SF lot & traded for $9,872,000.View on map
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Address7950 Woodley Avenue
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