Lee Kleinman Acquires Sherman Oaks Office Building With $2.97M Loan

A loan transaction took place on November 14, 2023, for an office property located at 14200 Ventura Boulevard in Sherman Oaks. The property spans 4,700 square feet and is an office asset. The transaction was closed with a loan amount of $2,970,000.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $2,970,000
• Date: 11/14/2023
• Address: 14200 Ventura Boulevard
• Market: Sherman Oaks
• Square Footage: 4,700

The loan provider in this transaction was Lee Kleinman from Business Finance Capital CDC, and the broker involved was Sam Alishahi from KW Commercial. The loan was an acquisition loan, and the terms of the loan included a 50% first mortgage provided by the bank and a 40% second mortgage provided by the Small Business Administration (SBA).

This loan transaction facilitated the purchase of a multi-tenant office building on an 8,866 square foot lot. The total purchase price for the property was $3,300,000.