Business Finance Capital CDC Provides $4.7M Loan For Woodland Hills Office Building

A multi-tenant office building located at 23067 Ventura Boulevard in Woodland Hills has been sold in a closed transaction. The property has a total area of 13,764 square feet and is situated on a 20,400 square foot lot. The transaction took place on December 30, 2022, with a sale price of $5,199,000.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $5,199,000
• Market: Woodland Hills
• Address: 23067 Ventura Boulevard
• Square Footage: 13,764 SF

The acquisition of this property was financed through a loan provided by Business Finance Capital CDC. Lee Kleinman represented the lender in this transaction. The loan amount was $4,679,100, obtained through the SBA 504 program. This program involves a 50% first mortgage from the bank and a 40% second mortgage from the SBA.

The landlord of this office building is Nazanin Firooz. The details of the loan type and terms are not provided in the provided context.