Business Finance Capital CDC Provides $5.31M Acquisition Loan For Office Building In Valley Village, CA

The property transaction in Valley Village, CA involved an office building located at 5352 Laurel Canyon Blvd. & 5404 N. Agnes Ave. The building spans over 15,089 square feet and was sold for a total of $5,900,000.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $5,900,000
• Market: Valley Village, CA
• Borrower: Armin Arasheben
• Lender: Lee Kleinman - Business Finance Capital CDC
• Broker: Lee Kleinman

The loan for this acquisition was provided by Lee Kleinman from Business Finance Capital CDC. The loan amount was $5,310,000 and it was financed through the SBA 504 loan program. The financing structure included a 50% first mortgage from the bank and a 40% second mortgage from the SBA. The building, situated on a 17,814 square feet lot, was purchased by the borrower for $5,900,000.