Lee Kleinman's Business Finance Capital CDC Provides $5.9M Acquisition Loan For Calabasas Office Building

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.