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Lee Kleinman's Business Finance Capital CDC Provides $5.9M Acquisition Loan For Calabasas Office Building

24005 Ventura Boulevard
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This Office property located in CA received a loan of $5,895,000 over 1 year ago. The broker of the deal was Lee Kleinman

The property involved in this closed transaction is an office building located at 24005 Ventura Blvd. Bldg. A in Calabasas, CA. The building has a total area of 22,046 square feet and is situated on a 41,991 square foot lot. The transaction took place on August 15, 2022.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $6,550,000
  • Loan Amount: $5,895,000
  • Loan Type: Acquisition
  • Lender: Lee Kleinman - Business Finance Capital CDC
  • Landlord: Danone Simpson
  • Broker: Lee Kleinman

This transaction involved an owner user purchase through the SBA 504 loan program. The bank financed 50% of the project as a first mortgage, while the SBA provided financing for 40% as a second mortgage. The loan amount for this transaction was $5,895,000.

It's important to note that the property traded for $6,550,000, and the building's square footage and lot size were mentioned in the first paragraph.

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Deals
  • Location
    24005 Ventura Boulevard24005 Ventura Boulevard
  • Loan Value
    $5,895,000$5,895,000
  • Asset Type
    OfficeOffice
  • Parties
    1 Broker, 1 Lender1 Broker, 1 Lender

Agent

Lee Kleinman

Lee Kleinman

Deals13
Financed$55.6M

Business Finance Capital

Business Finance Capital

Lender
Deals34
Volume$ 2.4B

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Deal Summary

LOAN IMAGE: Lee Kleinman DATE: 08/15/2022 ADDRESS: 24005 Ventura Blvd. Bldg. A MARKET: Calabasas, CA ASSET TYPE: Office ~ SF: 22,046 LENDER: Lee Kleinman (@Busbnkr) - Business Finance Capital CDC LANDLORD: Danone Simpson BROKER: Lee Kleinman LOAN AMOUNT: $5,895,000 LOAN TYPE: Acquisition LOAN TERMS: This was an owner user purchase through the SBA 504 loan program. 50% of the project was financed by the bank as a 1st mortgage and the SBA will finance 40% as a 2nd mortgage. The building is 22,046 SF situated on a 41,991 SF lot and traded for $6,550,000.

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24005 Ventura Boulevard

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