Lee Kleinman Secures $3.69M Loan For 2-Story Medical Office Building In Ventura County

A medical office building located at 2831 N. Ventura Rd. in Ventura County recently underwent a transaction. The 2-story building spans 9,739 square feet and was purchased for $4,100,000. The buyer utilized the SBA 504 lending program, which involved a 50% first mortgage provided by a bank and a 40% second mortgage provided by the SBA. This transaction was facilitated by Lee Kleinman of @Busbnkr.

Summary of Transaction Details

• Property Type: Office
• Transaction Amount: $4,100,000
• Loan Amount: $3,690,000
• Loan Terms: This transaction involved an owner-user purchase through the SBA 504 lending program. The bank provided a 50% first mortgage, while the SBA provided a 40% second mortgage.
• Market: Ventura County
• Address: 2831 N. Ventura Rd.

Lee Kleinman of @Busbnkr played a pivotal role as the broker in this transaction. Through their expertise and guidance, the buyer successfully navigated the loan process and acquired this medical office building.