Lee Kleinman Of Business Finance Capital CDC Provides $2.7M Loan For Retail Acquisition In Corona Del Mar
California
See Similar DealsLee Kleinman Of Business Finance Capital CDC Provides $2.7M Loan For Retail Acquisition In Corona Del Mar
3838 Pacific Coast Highway
See Similar DealsSummary
The property asset involved in the transaction is located at 3838 East Coast Highway in the market of Corona del Mar. It is a retail property with a total square footage of 2,420. The acquisition was executed with a loan amount of $2,698,188, which was utilized for owner-user purposes under the SBA 504 program, including financed tenant improvements.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,600,000
- Lender: Lee Kleinman - Business Finance Capital CDC
- Landlord: Cassiana Marinho
- Loan Type: Acquisition
- Loan Terms: Owner-user purchase through the SBA 504 program including financed tenant improvements
The deal highlights Lee Kleinman, representing Business Finance Capital CDC as the lender, facilitating the financial aspects of the transaction. Cassiana Marinho, the landlord, is noted as the property owner directly involved in this asset acquisition.
Details
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