529 Hahn Avenue LLC
529 Hahn Avenue LLC is an office administrative services business in Glendale, California, classified under NAICS code 561110. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,730,000, approved on May 2, 2024, with East West Bank as the partner bank and The Mortgage Capital Development Corporation as the certified development company.
SBA 504 loan, approved May 2, 2024
$1,730,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,730,000
- Bank portion
- $2,112,500
- Estimated project size
- $4,269,444 (estimated)
- Estimated owner equity
- $426,944 (estimated, about 10% of the project)
- Bank lender
- East West Bank, Pasadena, CA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 2, 2049 (estimated, approval date plus term)
- First disbursement
- Sep 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 561110, Office Administrative Services
- Project location
- Los Angeles County, CA
- SBA district office
- Los Angeles District Office
- Congressional district
- CA-28
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Office Administrative Services: $2,767,500.
- Average expansion loan in California: $2,161,468.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in California
- MultiLane Inc., San Jose