Trimax Realty Inc. Facilitates $3.51M SBA Loan For Acquisition Of Note On 6,100 SF Property

The property asset involved in this transaction is a note with a single-family residence that has a square footage of 6,100. The property is located at 1100 S. Robertson Blvd. in Los Angeles. The loan for this acquisition was provided by SBA, with a loan amount of $3,510,000.

Summary of transaction details

• Property Type: Note ~ SF: 6,100
• Transaction Amount: $3,510,000
• Date: 03/01/2022
• Address: 1100 S. Robertson Blvd.
• Market: Los Angeles

The lender in this transaction is SBA, and the landlord is Parmir Victorsen. The brokers involved in the deal are Fred Nabati and Michael Davoodpour, representing Trimax Realty Inc. The clients initially had no luck finding an office building on their own. However, after being referred to Trimax, they were able to target a handful of buildings within 2 weeks. Trimax's lending department collected the necessary paperwork to secure an SBA loan with only a 10% down payment. This acquisition through the SBA Loan Program allows the client to avoid rent expenses and enjoy tax savings. Trimax Realty Inc. is unique in their ability to handle both the real estate purchase and financing, ensuring a seamless process for their clients.