Updated Nov 20, 2023
Business Finance Capital CDC Provides $8.9M Loan For Industrial Property Acquisition In San Fernando Valley
7950 Woodley Avenue
$8,884,800
$355,392/SF
Building Size
25 SF
Asset Type
Industrial
Closing
Jun 3, 2022
About this deal
AI
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
Van Nuys Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.79%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93