Business Finance Capital CDC Provides $14.2M Industrial Refinance Loan For 1301 Burton St

The industrial warehouse building located at 1301 Burton St. in Fullerton, Orange County has recently undergone a loan transaction. The property spans a total area of 42,864 square feet and is situated on a 1.59-acre site. The transaction involved a refinance of acquisition bridge financing through the SBA 504 program.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $14,200,200
• Address: 1301 Burton St., Fullerton, Orange County
• Market: Fullerton / Orange County
• Lender: Business Finance Capital CDC - Lee Kleinman
• Loan Type: Refinance
• Loan Terms: This was an owner-user refinance where the bank provided a 50% 1st mortgage and the SBA will provide a 40% 2nd mortgage. The industrial warehouse building was acquired for $15,800,000.

The loan transaction was facilitated by Lee Kleinman of Business Finance Capital CDC. As the lender's representative, Lee assisted in the refinance process, ensuring that the owner-user obtained the necessary financing for the property. This transaction showcases the collaboration between the bank and the SBA to provide funding for the acquisition and refinance of industrial properties in Fullerton, Orange County.