Recently Funded - Featured Financings

July 2024/San Jose/$5,100,000

First Financial Capital Funds $5.1 Million Chevron Acquisition in San Jose

First Financial Capital is pleased to announce the successful funding of a $5.1 million acquisition loan for a Chevron gas station and convenience store in San Jose, California. This transaction highlights our commitment to supporting the growth of our valued clients, as the borrower is an existing customer expanding their portfolio in the region. Notably, we were able to provide high leverage financing by utilizing equity in another site the client owns in the area, demonstrating our flexible approach to structuring deals.

June 2024/Southern California/$7,600,000

Recent Financing: Southern CA 76 and Circle K

First Financial Capital is excited to announce the closing of a $7.6 million loan for a 76 and Circle K branded gas station and convenience store located in Southern California. This financing showcases First Financial Capital's expertise in the retail petroleum and convenience store sector, as well as our dedication to supporting businesses in the Southern California market.

May 2024/Oregon/$7,000,000

Just Funded: $7MM For An Oregon Truck Stop

First Financial Capital is pleased to announce its recent funding of a Sinclair truck stop acquisition located in Oregon. The borrower is an experienced operator with a strong portfolio of sites throughout the Pacific Northwest. This financing highlights First Financial Capital's commitment to supporting the growth and success of its clients in the region's transportation and hospitality sectors.

May 2024/San Rafael, CA/$3,950,000

$4MM Funded for Unbranded Gas Station In San Rafael, CA

First Financial Capital is excited to announce the closing of our latest funded loan, a $3,950,000 financing package for an unbranded gas station located in San Rafael, California. Our team successfully closed this loan in just four days, demonstrating our commitment to providing swift and efficient financing solutions to our clients.

March 2024/Menlo Park/$6,700,000

Just closed: $6.7MM Bridge for a Menlo Park Chevron Acquisition

First Financial Capital is thrilled to announce the successful financing of an acquisition of a Menlo Park Chevron. Demonstrating our commitment to providing tailored financing solutions, we worked closely with the borrower to ensure a flexible financing structure.

April 2024/Seattle, Washington/$13,000,000

$13MM Financing for Limited Service Hotel Acquisition in Seattle Area

First Financial Capital is pleased to announce the successful closing of a $13 million financing package for the acquisition of a limited service hotel in the vibrant Seattle, Washington market. The buyer, a seasoned hospitality investor and operator, plans to implement a comprehensive renovation and improvement program to enhance the property's value and guest experience, followed by reflagging the hotel under a major hospitality brand. The First Financial Capital team worked closely with the buyer to structure a tailored financing solution that supports their acquisition and improvement plans, enabling them to unlock the property's full value.

February 2024/San Francisco/$1,900,000

$1.9MM funded for partnership buyout of SF gas station

First Financial Capital successfully provided financing for a borrower looking to buy out a partner's equity in a San Francisco area 76 Station. By using an existing recent appraisal FFC was able to fund within 14 days.

January 2024/Bay Area/$5,200,000

$5MM financing for a Brentwood, CA Chevron gas station

First Financial Capital successfully funded a $5.2MM loan for the acquisition of a Bay Area Chevron. The Sponsor is a seasoned operator in the area and this acquisition will certainly bolster their strategic presence in the thriving Bay Area market. This acquisition was part of a multi-site transaction with multiple closings.

December 2023/Bay Area/$2,700,000

$2.7MM funded for the acquisition of a Bay Area Chevron

First Financial Capital successfully funded a $2,700,000 loan for the acquisition of a Bay Area Chevron. The Sponsor is a seasoned operator in the area and this acquisition will certainly bolster their strategic presence in the thriving Bay Area market

November 2023/California/$13,000,000

First Financial Capital Secures Double-Faceted Financing for Innovative Convenience Store, Gas Station, and Carwash Project with Impressive 78% Loan-to-Value

First Financial Capital has successfully provided the financing for the construction of a convenience store, gas station, and carwash. The complexity of this transaction involved a double-faceted financing with both refinancing of the existing land debt and providing a construction commitment bringing the LTV to 78%.   FFC looks to the sponsor first, then the collateral property, which is why our team was able to provide a custom-tailored loan with sizable construction disbursements and interest reserves.

September 2021/Bakersfield, CA/$5,100,000

$5.1MM Shell Gas Station Financed In Bakersfield, CA

First Financial Capital has successfully financed the acquisition of a 50,500 square foot, Shell branded gas station located in Bakersfield, California. As a privately capitalized lender with full flexibility to curate a loan specific to each transaction, FFC based the loan off sponsor pedigree and provided a loan commitment within two weeks.

October 2023/Oakland, CA/$4,000,000

$4MM Oakland Ca Mobil Financing

We are thrilled to announce First Financial Capital's successful funding of a $4 million loan to acquire the Mobil gas station in a prime Oakland, CA. The acquisition was completed by an existing borrower, and our team was able to close the deal in an impressive 30-day timeframe. The loan encompasses both the business and real estate purchase.

October 2023/Oregon/$35,000,000

$35MM Bridge Financing for 24 Gas Station Portfolio Acquisition in 45 Days

First Financial Capital has successfully funded the acquisition of Leathers Enterprises, Inc. comprised of 24 gas stations spanning the state of Oregon. We worked very closely with the borrower in order create a financing structure that suited all parties and could close within 45 days.   Within a week of engagement, the FFC team toured each site in Oregon and began drafting loan documents. This transaction is a testament to why First Financial Capital is the top gas station lender in California, Oregon, and Washington. As privately capitalized lenders combined with a team comprised of people who used to operate gas stations, FFC can provide high-leverage debt in the eight-figure range in less than 30 days.

September 2023/West Coast/$4,300,000

Just Financed: $4.3M Acquisition of a Southern California Arco

First Financial Capital has successfully financed the acquisition of an Arco branded gas station in Torrance, California in less than one month.   As a relationship-based lender, the borrower exercised their track record with FFC to get a financing commitment for 70% of the purchase price prior to submitting an offer. This allowed for the borrower to secure the deal against other bidders with an all-cash offer and 3 week closing.     With our custom tailored loans that have no pre-payment penalties, and free renewals, the borrower can now seek conventional debt in leisure.

September 2021/Los Angeles/$1,500,000

First Financial Capital Successfully Funds Timely Acquisition of Downtown LA Shell Station

First Financial Capital recently provided financing for the acquisition of a downtown Los Angeles Shell Station. Our borrower needed to close within a month, and with our quick and efficient funding processes, we were able to successfully support a timely closing.

August 2023/Mountain View, CA/$4,300,000

$4.3M Loan for a Mountain View Shell Station

We're excited to announce the successful funding of a $4.3 million loan for a new Shell gas station in Mountain View, CA. This project is especially significant as the borrower is a repeat client with multiple sites in the area. With a seamless 30-day closing timeline, this expansion enhances their portfolio and underscores our commitment to supporting thriving gas station operators.

July 2023/Bay Area, CA/$2,300,000

Fueling Growth in the Greater San Francisco Area: Recently funded $2.3M Valero Acquisition

We are thrilled to announce our latest financing! FFC has proudly funded a $2.3 million loan for a Bay Area Valero Station. As trusted partners, we continue to provide tailored financial solutions that drive success for our clients in their respective markets.

July 2023/Long Beach, CA/$3,700,000

100% Financing on Long Beach, CA Mobil Station

First Financial Capital has successfully provided 100% financing for the acquisition of a Long Beach, CA Mobil gas station. The complexity of this transaction was that the appraisal amount came in shorter than expected; however as experts in the gas station industry, FFC recognized that the site was being purchased under market value which allowed for 100% financing.

July 2023/West Coast/$3,500,000

Funded: $3.5M Acquisition of San Francisco Shell Station

First Financial Capital recently provided financing for the acquisition of a prominent Shell Station located in the heart of San Francisco. With a quick closing time of just 30 days, our streamlined and efficient funding processes enabled us to support a timely closing. Our commitment to transparency means there are no prepayment penalties associated with our loans, giving you the freedom to succeed on your terms.

March 2023/South Florida/$6,500,000

$6.5M Funded for South Florida Shell Station Acquisition

First Financial Capital is thrilled to announce that we have provided $6.5M in funding for our client's acquisition of a South Florida Shell station. This funding will enable our client to expand their business operations and enhance their presence in the local community.

March 2023/Northern California/$2,000,000

$2M Funded for a Chevron Acquisition in Northern California

First Financial Capital recently funded a $2,000,000 acquisition loan for a Chevron Gas Station and Convenience Store in Northern California. The borrower needed to close the deal within 30 days, and our team successfully met the challenge. As a leading commercial finance company, we are committed to providing customized solutions to meet the needs of our clients. Our expertise in commercial finance enables us to deliver quick, reliable funding solutions that help businesses seize opportunities and grow.

January 2023/Chicago/$21,000,000

$92M Acquisition of Chicago-Area Hospital and Medical Office Portfolio

First Financial Capital successfully facilitated the funding for the acquisition of a hospital and medical office portfolio located in the Chicago area, totaling $92 million. The transaction involved a seller in bankruptcy and required approval from the state of Illinois. We collaborated closely with the borrower to efficiently complete the acquisition.

December 2022/Miami, FL/$28,800,000

Acquisition and Sale Leaseback of Three Florida Stations

First Financial Capital is pleased to announce the acquisition and sale-leaseback of three gas stations in Florida for a total of $28,800,000. These gas stations are located in strategic locations across the state and are well-established with a strong customer base. The acquisition of these gas stations is a significant step for First Financial Capital as it expands its portfolio and presence in the Florida market. We are excited to continue our work with the strong local operators who will be leasing the properties and continue to serve the community.

September 2021/Oregon/$3,500,000

Bridge Financing provided to finish construction and stabilize a 76 branded site outside of Bend, Oregon

First Financial Capital recently funded a bridge loan to finish construction and stabilize a 76 branded gas station and convenience store in Oregon. This store is located in a very busy, fast growing community outside of Bend, Oregon.

November 2022/Daytona Beach, FL/$55,000,000

$55M Bridge Loan to stabilize a newly built, full service, independent beach front hotel in Daytona Beach, FL

First Financial Capital has closed a $55M bridge loan to stabilize a newly built, full service, independent, beach front hotel in Daytona Beach, FL. The 560k square foot property has 456 guest rooms, 11,716 square feet of meeting space and 3 full service F&B outlets. Additionally this project includes a 165k square foot garage with over 500 parking spaces. We fully funded the transaction in 45 days.

September 2022/Los Angeles/$6,700,000

Bridge Financing for a non-conforming property near Downtown Los Angeles

First Financial Capital recently provided bridge financing on a nonconforming property near downtown Los Angeles. The borrower needed to close within 30 days to avoid penalties, but due to the non-conforming nature of the property, had trouble securing financing through conventional means. After thorough analysis of the property, we determined it was worthy of a $6.7M loan facility, and provided financing within thirty business days.

July 2022/Mill Valley, CA/$13,000,000

$13M Acquisition Loan for a Chevron Gas Station and Car Wash in Mill Valley

We are pleased to announce that First Financial Capital recently funded the acquisition of an Chevron gas station and carwash in Mill Valley, CA. The buyer is an established operator with multiple locations in the area. This particular business will be a great addition to the portfolio.

July 2022/Northern California/$6,000,000

Unbranded Gas Station and Carwash Acquisition Bridge Loan in San Rafael, CA

First Financial Capital recently funded the acquisition of an unbranded gas station and carwash in San Rafael, CA. The borrower was a local operator (with prior experience in the industry) looking to diversify his investment portfolio with a great return. We closed in under 30 days and this was part of a larger transaction.

July 2022/West Coast/$4,300,000

Unbranded Gas Station and Carwash Acquisition Bridge Loan in Oakland, CA

We are pleased to announce the closing of an acquisition bridge loan, in conjunction with a comprehensive acquisition financing package, that enabled our client to acquire a high-visibility gas station located on a busy street in the city of Oakland, CA.

September 2021/San Mateo County/$8,250,000

100% LTV Gas Station Acquisition Loan in San Mateo County

First Financial Capital successfully financed the acquisition of a gas station located in San Mateo County in 3 weeks. Resting on roughly a half-acre, this gas station transaction occurred off-market. FFC's client is a seasoned operator in the gas station industry and pledged collateral in order to obtain 100% financing for this acquisition. The complexity of this transaction involved urgency in order to meet 1031 requirements. From the date that the borrower had sent in the loan request, in two weeks, FFC utilized their network in order to obtain an MAI appraisal report allowing for this transaction to complete in 3 weeks.

May 2022/Nebraska/$16,500,000

Limited Service Hotel Bridge Financing

First Financial Capital successfully provided $16,500,000 in bridge financing at a 80% LTV for an extended stay hotel near a hospital and university in Nebraska. The acquisition was for two separate hotels, one located in Omaha and the other in North Platte.

May 2022/Fremont, CA/$3,500,000

Recently Funded Acquisition Loan of a Fremont California 76 Gas Station

First Financial Capital recently funded the acquisition of a 76 gas station in Fremont California. The total loan amount was $3.5M and the borrower was able to close within 30 days.

October 2021/Oakland, CA/$3,600,000

$3.6M Oakland Area Gas Station Financing

First Financial Capital provided acquisition financing for purchase of an unbranded gas station and c-store in Oakland, California. First Financial Capital is pleased to have helped the borrower make the acquisition.

October 2021/Pacific Palisades, CA/$15,300,000

Pacific Palisades Ultra Luxury Home Financing

First Financial Capital provided acquisition and construction financing for an ultra luxury home in Pacific Palisades, California. The loan was for $15,300,000. This is the second project we have done in the area and we look forward to becoming the lender of choice for Pacific Palisades development projects. First Financial Capital’s Construction Loan programs are designed to meet your specific financing needs whether you are building a new custom home or doing a ground-up development project.

September 2021/Santa Maria, CA/$2,200,000

Independent Gas Station and Carwash Funding in Santa Maria, CA

First Financial Capital provided acquisition financing for an unbranded gas station and carwash in Santa Maria, CA. Acquired by a repeat client who is an experienced operator with multiple locations in the area. First Financial Capital’s lending team worked closely with the borrower to structure a loan that met their needs and closed within 30 days of application.

September 2021/Oregon/$4,710,000

Albany Oregon Chevron Acquisition Loan

We provided quick financing to a repeat borrower to acquire a Chevron gas station and convenience store in the Eugene Oregon area.

March 2021/Denver Area/$18,400,000

$18M Hotel Financing in Denver Area

First Financial Capital recently provided acquisition financing for a hotel in the Denver area. The 137-room hotel opened in May 2018 and includes more than 2,000 square feet of meeting space.

March 2022/Pacific Northwest/$5,200,000

$5,200,000 Acquisition Financing For Two Sites In The Pacific Northwest

First Financial Capital provided $5,200,000 in acquisition financing for two gas stations and convenience stores in the Pacific Northwest.

January 2022/San Diego Area/$4,675,000

Construction Financing For A Circle K C-Store & Gas Station In San Diego Area

First Financial Capital successfully completed construction financing for a Circle K C-Store and gas station development in the San Diego Area in the amount of $4,675,000.

September 2021/South San Francisco/$4,400,000

$4.4M Kwik Serv Acquisition in South San Francisco

First Financial Capital successfully funded the acquisition of a Kwik Serv station in South San Francisco. The borrowers were able to acquire the property with funds provided for both the real estate and the business purchase.

September 2021/San Jose/$5,700,000

$5,700,000 for a Chevron Station Acquisition in San Jose, CA

First Financial Capital successfully funded the acquisition of a state of the art Northern California Chevron station. The borrower used First Financial Capital for several transactions and this acquisition was closed in 30 days.

September 2021/Northern California/$4,700,000

Four Station Portfolio Acquisition

First Financial Capital successfully funded the acquisition of four major Northern California gas stations. Within one year, the borrower acquired all four stations from different sellers. Each transaction was unique and closed within 30 days. The stations were unbranded when acquired and the borrower converted them to 76, Chevron, and Mobil after the sale.

September 2021/Bay Area/$5,200,000

Northern California Shell Station - Funded within 7 days

FFC recently funded the acquisition of a Bay Area Shell Station. The buyer was able to opportunistically acquire this Shell Station with our fast financing. We were able to go from first contact to closed deal in under 10 days.

October 2021/Northern California/$1,100,000

Acquisition Loan for Unbranded Gas Station 85% LTV

First Financial Capital has successfully provided an acquisition loan at 85.00% [LTV (Loan to Value)](https://www.firstfincap.com/definitions-and-terms#ltv) for an unbranded gas station located in northern California. Our borrower is a seasoned gas station operator and had received a branding proposal from the future franchisor prior to the acquisition of the property. With the funds, the borrower plans to double the size of the convenience store and use the remaining funds as a down payment for the acquisition of another gas station.

September 2021/Ventura County/$3,300,000

Ventura County Gas Station Acquisition Financing

First Financial Capital provided $3,300,000 for an acquisition of an Arco in Ventura County, CA. We moved quickly by working with the borrower's broker and went from first contact to fully funded in under ten days.

December 2021/Riverside/$3,095,000

70% LTV Fast Business Acquisition Loan

First Financial Capital successfully completed the financing for a branded gas station and carwash located in the Inland Empire within 11 working days. The borrower reached out to FFC stating the importance that the transaction be completed before 2021 years end. The day after, the FFC team met with the borrower and committed to funding the transaction. The complexity of this transaction included working closely with the title company. Prior to reaching out to FFC, the borrower had already started the process of obtaining [SBA financing](https://www.firstfincap.com/articles/sba-loan-small-business-administration-loan) which will be used to refinance our loan. In addition to being privately capitalized, all of our loans are designed with no prepayment penalties and no interest guaranteed payments which makes refinancing easy.

September 2021/San Joaquin Valley/$11,450,000

Construction Financing for a Truck-stop/Travel Center Ground Up Development; 78% LTC

First Financial Capital had successfully completed construction financing for a 16-acre travel-center & truck-stop development in the San Joaquin Valley, California in the amount of $11,450,000; 78% [LTC (loan to cost)](https://www.firstfincap.com/articles/loan-to-cost-ltc). FFC was able to provide the borrowers with their first loan disbursement within two weeks of receiving a fully executed [LOI (letter of Intent)](https://www.firstfincap.com/articles/letter-of-intent), however, funding was delayed due to [ROFR (right of first refusal)](https://www.firstfincap.com/articles/right-of-first-refusal) rights upon signing a franchise agreement that were prejudice to the lender. FFC reacted quickly and their team was able to come to a subordination agreement with the franchisor within 30 days. Estimated project completion is set for 10-months (Summer, 2022)

September 2012/San Francisco/Confidential

Ritz Carlton Residences Construction Loan; San Francisco

Located in the heart of downtown San Francisco, First Financial Capital had provided a construction loan for the development of the Ritz Carlton Residences in San Francisco which consists of 52 residential units within 24 floors. FFC had worked an agreement with the sponsor where 75% of the principal payment received for each of the units sold would be allocated towards paying down the [OLB (outstanding loan balance).](https://www.firstfincap.com/articles/acronyms) the structure is considerably the best place to live in San Francisco. The Ritz Carlton brand has a reputation for offerings premium services. Each of the residential units feature top of the line appliances, top tier finishes, 24-hour concierge & valet, on top of all of the other services that the brand offers.

February 2020/Irvine/$5,000,000

Quickly Funded Gas Station Loan; Construction 75% LTC

First Financial Capital provided a gas station loan for the development of 1.21 acres of land to build a Shell branded gas station with a Circle-k branded [c-store](https://www.firstfincap.com/articles/acronyms) and car wash in Irvine, California.

November 2020/Los Angeles/$28,000,000

Construction Loan for Luxury Home; Bel Air, California

First Financial Capital financed the construction loan for development of a luxury [SFR (single family residence)](https://www.firstfincap.com/articles/acronyms) behind the Bel Air Gates. The subject development site is over one acre of flat land and is situated on a hillside which offering tremendous views. The developer has thorough experience developing luxury homes and has a track record of developing some of the most luxurious houses in Los Angeles, California.