Loan Amount
$3,000,000
FFC Funds $3M Acquisition Loan for Bay Area Gas Station
- Property Type
- Gas Station
- Area
- Bay Area, CA
- Purpose
- Acquisition Financing
- Brand
- Shell
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First Financial Capital has funded a $3,000,000 acquisition loan for a branded gas station and c-store in the Bay Area, representing 80% of the purchase price.
The borrower is a repeat FFC client, and this marks our second closing with the operator this year. Legacy environmental and title matters had to be cleared before closing. FFC worked through them with title to deliver high-leverage financing on the borrower's timeline.
Deal Terms
- LTV
- 80%
- Days to Close
- 17
The Challenge
The acquisition carried legacy environmental and title encumbrances from a former major-oil branding agreement, including a recorded deed restriction and purchase option that had to be cleared before closing. The buyer was also working against a hard purchase deadline.
How We Structured It
FFC structured the acquisition loan as a participation alongside a bank partner, allowing us to deliver 80% leverage while working with title to clear the legacy encumbrances ahead of funding.
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