Siavosh Khajavi And Atoosa Nikaeen Secure $2.2M Loan For Woodland Hills Office Property

An office building located at 5350 Topanga Canyon Blvd in Woodland Hills has been involved in a closed transaction. The property, spanning 4,078 square feet, was acquired through an owner user purchase. The transaction took place on June 14, 2021, for a total price of $1,725,000. Additionally, $760,346 was financed for equipment and tenant improvements, bringing the total project size to $2,485,346.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $2,485,346
• Address: 5350 Topanga Canyon Blvd
• Market: Woodland Hills

The landlord for this property is Siavosh Khajavi and Atoosa Nikaeen. The lender involved in the transaction is Business Finance Capital CDC, with Lee Kleinman representing their interests. The broker responsible for this deal is Barry Schoenbrun.

This closed transaction involved the use of the SBA 504 loan program. The bank provided financing for 50% of the project as a first mortgage, while the SBA financed 40% as a second mortgage. It's worth noting that the financed equipment and tenant improvements contributed $760,346 to the total project size of $2,485,346.