FINANCED
Lee Kleinman's Business Finance Capital CDC Provides $6.6M Loan For Glendale Mixed-use Property
1833-1851 Victory Boulevard
Mixed-use
38,620 SF
38,620 SF
Financed 357 days ago
Summary
Loan
CALIFORNIA
Mixed-use
38,620 sqft
The acquisition loan for the mixed-use property located at 1833-1851 Victory Blvd. in Glendale has been completed. The property, spanning 38,620 square feet, was purchased for a total of $7,350,000. The loan amount secured for this transaction was $6,615,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,350,000
- Loan Amount: $6,615,000
- Loan Type: Acquisition Loan
The lender for this transaction was Lee Kleinman from Business Finance Capital CDC. As an owner-user purchase, the loan utilized the SBA 504 program, where the bank provided a 50% first mortgage and the SBA will provide a 40% second mortgage. Arnou Aghamalian is the landlord of the property.
Details
FINANCED
IMAGE: Lee Kleinman
DATE: 05/01/2023
ADDRESS: 1833-1851 Victory Blvd.
MARKET: Glendale
ASSET TYPE: Mixed-use ~ SF: 38,620
LENDER: Lee Kleinman (@Busbnkr) - Business Finance Capital CDC (@BFCFunding)
LANDLORD: Arnou Aghamalian
LOAN AMOUNT: $6,615,000
LOAN TYPE: Acquisition Loan
LOAN TERMS: This was an owner-user purchase through the SBA 504 program where the bank provided a 50% 1st mortgage and the SBA will provide a 40% 2nd mortgage. This mixed-use building consists of 38,620 SF situated on a .887 acre lot and traded for $7,350,000.View on map
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Address1833-1851 Victory Boulevard
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