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.
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