FINANCED
Lee Kleinman's Business Finance Capital CDC Provides $5.9M Acquisition Loan For Calabasas Office Building
24005 Ventura Boulevard
Office
22,046 SF
22,046 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
Office
22,046 sqft
The property involved in this closed transaction is an office building located at 24005 Ventura Blvd. Bldg. A in Calabasas, CA. The building has a total area of 22,046 square feet and is situated on a 41,991 square foot lot. The transaction took place on August 15, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,550,000
- Loan Amount: $5,895,000
- Loan Type: Acquisition
- Lender: Lee Kleinman - Business Finance Capital CDC
- Landlord: Danone Simpson
- Broker: Lee Kleinman
This transaction involved an owner user purchase through the SBA 504 loan program. The bank financed 50% of the project as a first mortgage, while the SBA provided financing for 40% as a second mortgage. The loan amount for this transaction was $5,895,000.
It's important to note that the property traded for $6,550,000, and the building's square footage and lot size were mentioned in the first paragraph.
Players
All
2
Agents
1
Lenders
1
Details
FINANCED
IMAGE: Lee Kleinman
DATE: 08/15/2022
ADDRESS: 24005 Ventura Blvd. Bldg. A
MARKET: Calabasas, CA
ASSET TYPE: Office ~ SF: 22,046
LENDER: Lee Kleinman (@Busbnkr) - Business Finance Capital CDC
LANDLORD: Danone Simpson
BROKER: Lee Kleinman
LOAN AMOUNT: $5,895,000
LOAN TYPE: Acquisition
LOAN TERMS: This was an owner user purchase through the SBA 504 loan program. 50% of the project was financed by the bank as a 1st mortgage and the SBA will finance 40% as a 2nd mortgage. The building is 22,046 SF situated on a 41,991 SF lot and traded for $6,550,000.View on map
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Address24005 Ventura Boulevard
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