Office Property Loan Closed: $2.1MM SBA 504 Acquisition
Liberty SBF provided a $2,070,000 SBA 504 loan to acquire and renovate an office building located in Portland, OR. The property is a two-story commercial building that had been built out for a night club and three apartment units.
The Borrower will perform a $1.3MM renovation to convert the building into office space. Upon completion, the Property will contain 5,114 SF of net rentable area consisting of private offices, meeting space, and common office areas. The company will occupy 100% of the property for its consulting and training business.