Lee Kleinman Provides Acquisition Loan For Industrial Building In Pacoima

An industrial property located at 9879 San Fernando Road in Pacoima was recently involved in a transaction. The property spans 4,885 square feet and sits on a 1.01 acre site. The acquisition deal was made for $4,600,000, with a loan amount of $4,140,000 through an owner-user purchase utilizing the SBA 504 program.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,600,000
• Address: 9879 San Fernando Road
• Market: Pacoima
• Loan Amount: $4,140,000
• Lender: Lee Kleinman - Business Finance Capital CDC
• Landlord: Jorge Eroza
• Loan Type: Acquisition Loan
• Loan Terms: The bank provided a 50% 1st mortgage, and the SBA will provide a 40% 2nd mortgage

The transaction involved key individuals like Lee Kleinman from Business Finance Capital CDC serving as the lender and Jorge Eroza as the landlord. The deal was facilitated through the SBA 504 program, enabling the buyer to acquire the 4,885 square foot industrial building.