Lee Kleinman's Business Finance Capital CDC Provides $6.9M Loan For Calabasas Office Building [IMAGE]

The office property at 4766 Park Granada in Calabasas has recently undergone a closed transaction. The property was purchased for $7,150,000 along with $500,000 in financed tenant improvements. The buyer acquired the property as an owner user through the SBA 504 loan program. The bank provided a first mortgage financing 50% of the project, while the SBA funded 40% as a second mortgage. The total loan amount secured for this transaction was $6,885,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $7,150,000

The loan for this transaction was provided by Lee Kleinman, representing Business Finance Capital CDC. The broker involved in this deal was Brian Mallasch from Coldwell Banker Commercial, acting as the buyer's representative.