Oakridge Capital Advisors Provides $1.5M SBA Loan For Office Acquisition In Burbank
FINANCED
$1,498,200
California
See Similar DealsOffice4,750 SF
Financed 12/26/2024
FINANCED
Oakridge Capital Advisors Provides $1.5M SBA Loan For Office Acquisition In Burbank
527 North Victory Boulevard
See Similar DealsOffice4,750 SF
Financed 12/26/2024
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$315
Total Square Footage:4,750 SF
Transaction Type:Loan
The property asset involved in this transaction is located at 527 North Victory Boulevard in Burbank. It is classified as an office space with a total square footage of 4,750. The loan amount secured for the acquisition of this asset is $1,498,200, and the loan type is SBA.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,498,200
- Lender: Oakridge Capital Advisors, Inc
- Lender's Representative: Sarkis Daldumyan - Oakridge Capital Advisors
- Buyer's Representative: Petros Gumrikyan - Pinnacle Estate Properties Inc
- Loan Terms: SBA
The deal involved key individuals and companies, with Sarkis Daldumyan representing Oakridge Capital Advisors in the lending process. On the buyer's side, Petros Gumrikyan represented Pinnacle Estate Properties Inc in securing the loan for the acquisition of the office property.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,498,200.00
Monthly NOI$9,988.00
Monthly Debt Service$9,469.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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