Lee Kleinman's Business Finance Capital CDC Provides $2.64M Acquisition Loan For Los Angeles Office

The office building located at 409 North Larchmont Boulevard in Los Angeles was acquired through an owner-user purchase for a pre-revenue start-up business. The property consists of 2,293 square feet situated on a 6,252 square feet lot and was purchased for $3,100,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $3,100,000
• Lender: Lee Kleinman - Business Finance Capital CDC
• Landlord: Eli Scharf
• Loan Amount: $2,635,000
• Loan Type: Acquisition Loan
• Loan Terms: This transaction involved the SBA 504 program where the bank provided a 50% 1st mortgage, and the SBA will provide a 35% 2nd mortgage.

The lender for this acquisition loan was Lee Kleinman from Business Finance Capital CDC, while the landlord involved in this deal was Eli Scharf. The loan facilitated the purchase of the office building for the start-up business, showcasing the collaboration between different parties to support the acquisition.