Updated Feb 16, 2024
Business Finance Capital CDC Provides $5.31M Acquisition Loan For Office Building In Valley Village, CA
5352 Laurel Canyon Boulevard, Valley Village, California 91607, United States
$5,310,000
$351/SF
Building Size
15,089 SF
Asset Type
Office
Closing
Jul 12, 2022
About this deal
AI
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.
Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93