Business Finance Capital CDC Provides $4.5M Loan For Sherman Oaks Office Acquisition

An office property located at 13455 Ventura Blvd. in Sherman Oaks was recently involved in a closed transaction. The property was purchased by an owner user through the SBA 504 program for a total of $5,025,000. The bank provided 50% financing for the project through a 1st mortgage, while the SBA provided 40% financing through a 2nd mortgage. The loan amount secured for this transaction was $4,522,500.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $5,025,000
• Market: Sherman Oaks
• Lender: Business Finance Capital CDC - Lee Kleinman
• Loan Amount: $4,522,500
• Loan Terms: Owner user purchase through the SBA 504 program with 50% financing from a bank 1st mortgage lender and 40% through the SBA as a 2nd mortgage.
• Date: 11/24/2020

Lee Kleinman from Business Finance Capital CDC served as the lender in this transaction. Their expertise and involvement played a key role in securing the loan amount of $4,522,500 for the office property located at 13455 Ventura Blvd. in Sherman Oaks.