FINANCED
Lee Kleinman & Andrew Berk Secure $5.76M Loan For Industrial Property In Chatsworth
9200 Eton Avenue
Industrial
19,763 SF
19,763 SF
Financed 1 year ago
Summary
Loan
CALIFORNIA
Industrial
19,763 sqft
A loan was obtained for an industrial property located at 9200 Eton Ave in Chatsworth. The property is 19,763 square feet and was acquired by the borrower for $6,400,000. The loan amount secured for this acquisition was $5,760,000.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $6,400,000
- Loan Amount: $5,760,000
The lender for this transaction was Lee Kleinman from Business Finance Capital CDC. The loan was obtained through the SBA 504 loan program, with the bank financing 50% of the project as a first mortgage and the SBA providing 40% as a second mortgage. Gita Kronen is the landlord of the property. Andrew Berk from Avison Young represented the borrower as the broker in this deal.
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Details
FINANCED
IMAGE: Lee Kleinman & Andrew Berk
DATE: 06/28/2022
ADDRESS: 9200 Eton Ave.
MARKET: Chatsworth
ASSET TYPE: Industrial ~ SF: 19,763
LENDER: Lee Kleinman (@Busbnkr) - Business Finance Capital CDC
LANDLORD: Gita Kronen
BROKER: Andrew Berk (@Getberk1950 & @Avison_Young_Global) - Avison Young
LOAN AMOUNT: $5,760,000
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 19,763 SF situated on a 40,495 SF lot and traded for $6,400,000.View on map
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Address9200 Eton Avenue
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