Michael Ghozland Leases Office At 16810 Ventura Boulevard In Encino For $6.1M With Lee Kleinman

The property located at 16810 Ventura Boulevard, Encino, comprises an office space with a total square footage of 9,693. The asset was purchased for $6,100,000, and the acquisition was supported by a total loan amount of $5,512,704. This financing arrangement includes a first mortgage financed by the bank covering 50% of the purchase and a second mortgage financed by the SBA covering 40%, enabling the buyer to proceed with a down payment of only 10%.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $6,100,000
• Loan Amount: $5,512,704
• Loan Type: Acquisition
• Loan Terms: Owner user purchase through the SBA 504 program
• Landlord: Michael Ghozland
• Lender: Lee Kleinman - Business Finance Capital CDC

Lee Kleinman, with over 36 years of experience in financial services and having secured more than $1 billion in fundings, played a crucial role in facilitating this transaction. Business Finance Capital, recognized as a leading community development corporation, assisted in providing the necessary financing for the law firm to expand and meet its operational needs through this transaction.