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$3,000,000 Acquisition Loan | 50% LTV | West Covina Gas Station

Loan Amount
$3,000,000
Property Type
Gas Station
Area
West Covina, CA
Purpose
Acquisition
Brand
Unbranded

First Financial Capital has closed a $3,000,000 acquisition loan secured by an unbranded gas station in West Covina, California, financing the $6,000,000 purchase at 50% LTV.

The property was in pre-foreclosure and required a fast closing. FFC structured, underwrote, and funded the loan in under two weeks of loan approval.

The borrower already owned several sites surrounding the subject property, making this a strategic acquisition to consolidate ownership of the surrounding area.

* To protect privacy, image may not be of the described site.

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