Business Finance Capital CDC Provides $3.24M Loan For Industrial Property In Valencia

An industrial property located at 29035 The Old Road in Valencia was recently involved in a closed transaction. The property was purchased by an owner-user through the SBA 504 program for a total price of $3,600,000. The project was financed with a combination of a 50% first mortgage from a bank lender and a 40% second mortgage from the SBA. The property is situated in the Valencia market.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $3,600,000
• Lender: Business Finance Capital CDC
• Broker: Lee Kleinman - representing the owner-user

The lender in this transaction was Business Finance Capital CDC. The buyer was represented by broker Lee Kleinman. The SBA 504 program played a key role in facilitating this owner-user purchase. The bank provided a first mortgage loan for 50% of the project, while the SBA contributed a second mortgage loan for 40% of the financing.