100% LTV Gas Station Acquisition Loan in San Mateo County
- Loan Amount
- $8,250,000
- Property Type
- Gas Station
- Area
- San Mateo County
- Purpose
- Acquisition Loan
- Brand
- Unbranded
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.
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