Lee Kleinman Of Business Finance Capital Provides $3.78 Million SBA 504 Loan For Sam Tiffany's Property In Sun Valley
10625 Cohasset Street
$3,780,000
$258/SF
Building Size
14,600 SF
Asset Type
Industrial
Closing
Mar 31, 2025
AI
The property asset involved in the transaction is located at 10625 Cohasset Street in Sun Valley, comprising an industrial space with a total area of 14,600 square feet. The loan amount secured for this acquisition is $3,780,000, with the property traded for $5,149,500, utilizing the SBA 504 program for an owner user purchase.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,149,500
- Loan Amount: $3,780,000
- Loan Type: Acquisition
- Loan Terms: Owner user purchase through the SBA 504 program
- Lender: Lee Kleinman - Business Finance Capital CDC
- Landlord: Sam Tiffany
- Date: 03/31/2025
Key individuals involved in the deal include Lee Kleinman, a 36-year veteran in financial services with over $1 billion in fundings, representing Business Finance Capital, a top local and nationally ranked Community Development Corporation (CDC). Sam Tiffany acts as the landlord in this transaction.
Players
Sun Valley 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
4.20%
Cash-on-Cash
-1.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93