FINANCED
Business Finance Capital CDC Provides $5.31M Acquisition Loan For Office Building In Valley Village, CA
5352 Laurel Canyon Boulevard & 5404 North Agnes Avenue
Office
15,089 SF
15,089 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
Office
15,089 sqft
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
All
1
Agents
1
Details
FINANCED
IMAGE: Lee Kleinman
DATE: 07/13/2022
ADDRESS: 5352 Laurel Canyon Blvd. & 5404 N. Agnes Ave.
MARKET: Valley Village, CA
ASSET TYPE: Office ~ SF: 15,089
LENDER: Lee Kleinman (@Busbnkr) - Business Finance Capital CDC (@BFCFunding)
LANDLORD: Armin Arasheben
BROKER: Lee Kleinman
LOAN AMOUNT: $5,310,000
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 15,089 SF situated on a 17,814 SF lot and traded for $5,900,000.View on map
Loading...
Address5352 Laurel Canyon Boulevard & 5404 North Agnes Avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want