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4803 West 121st Street

Sam Alishahi Represents Joubin Nasseri In $944.1K Acquisition Loan At Hawthorne
FINANCEDMixed-use

Sam Alishahi Represents Joubin Nasseri In $944.1K Acquisition Loan At Hawthorne

4803 West 121st Street

$944,100

$416/SF

Building Size

2,265 SF

Asset Type

Mixed-use

Closing

Mar 11, 2024

AI

The mixed-use property located at 4803 West 121st Street in Hawthorne, with a total square footage of 2,265, was acquired for $1,049,000. The loan amount secured for this acquisition was $944,100. The financing structure consisted of a 50% 1st mortgage provided by Business Finance Capital CDC administered by Lee Kleinman and a 40% 2nd mortgage provided by the SBA.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,049,000
  • Market: Hawthorne
  • Lender: Lee Kleinman - Business Finance Capital CDC
  • Landlord: Joubin Nasseri
  • Landlord's Rep: Sam Alishahi - KW Commercial SoCal
  • Loan Type: Acquisition Loan
  • Loan Terms: Owner-user purchase through the SBA 504 program

Sam Alishahi, representing Joubin Nasseri in the transaction, played a crucial role in facilitating the acquisition loan. The collaboration between Lee Kleinman of Business Finance Capital CDC and Sam Alishahi of KW Commercial SoCal ensured the successful financing of this property purchase through the SBA 504 program, providing favorable terms for the buyer.

Players

Sam Alishahi

Keller Williams Realty

Broker

$16.9M

vol

4 deals

Broker
Business Finance Capital
Business Finance CapitalLender

Hawthorne Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

16.80%

Cash-on-Cash

-4.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93