Lee Kleinman & Andrew Berk Secure $5.76M Loan For Industrial Property In Chatsworth

A loan was obtained for an industrial property located at 9200 Eton Ave in Chatsworth. The property is 19,763 square feet and was acquired by the borrower for $6,400,000. The loan amount secured for this acquisition was $5,760,000.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $6,400,000
• Loan Amount: $5,760,000

The lender for this transaction was Lee Kleinman from Business Finance Capital CDC. The loan was obtained through the SBA 504 loan program, with the bank financing 50% of the project as a first mortgage and the SBA providing 40% as a second mortgage. Gita Kronen is the landlord of the property. Andrew Berk from Avison Young represented the borrower as the broker in this deal.