Ilir Mullalli Secures $3.75M Loan From Lee Kleinman For Industrial Acquisition In Northridge CA

The property asset involved in the transaction is located at 9300-9310 Corbin Ave, Northridge, CA, encompassing an industrial space with a total square footage of 24,184. The property traded for $5,215,000, equating to $216 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,215,000
• Loan Amount: $3,753,250
• Loan Type: Acquisition
• Loan Terms: Owner user purchase through the SBA 504 program
• Lender: Lee Kleinman - Business Finance Capital CDC
• Landlord: Ilir Mullalli

The deal involved support for the growing business which has previously received financing for rent replacement to facilitate additional space needs. This acquisition marks the purchase of a second location contributing to job creation within the local economy.