Lee Kleinman & Art Pfefferman Secure $4.5M SBA 504 Loan For Office Acquisition At 5008 Chesebro Rd. In Conejo Valley

The property involved in this transaction is an office building located at 5008 Chesebro Rd. in Conejo Valley. The property is a two-story low rise office building with a total square footage of 12,116 SF. It sits on a 10,685 SF lot and was sold for a total price of $4,990,000.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $4,990,000
• Lender: Lee Kleinman - Business Finance Capital CDC
• Landlord: Jeffrey Beaumont
• Broker: Art Pfefferman - Coldwell Banker Commercial

In this acquisition, the loan amount was $4,491,000. The loan was obtained through the SBA 504 loan program, with 50% of the project financed by the bank as a first mortgage and 40% financed by the SBA as a second mortgage. The financing terms allowed for the owner to purchase the property as an owner-user.