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Loan Amount

$7,320,000

Acquisition Bridge Loan of a Travel Center branded Chevron Extramile

Property Type
Gas Station
Area
Soda Springs
Purpose
Acquisition Loan
Brand
Travel Center / Chevron / Extramile
Acquisition Bridge Loan of a Travel Center branded Chevron Extramile

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First Financial Capital successfully financed the acquisition of a travel center located in Soda Springs, California in the amount of $7,320,000, 55% [LTV ( Loan to Value)](https://www.firstfincap.com/articles/loan-to-value-ltv).

This subject truckstop is surrounded by treed land to the south and west putting this 93.5-acre property in a fire zone which made it difficult for the buyer to obtain financing. FFC was able to complete this transaction under the condition that the buyer was able to obtain adequate insurance to cover the principal amount of the loan.

This immediate area is a destination for outdoor users including hikers, fishermen, and off-road enthusiasts making the additional 85 acres of land a great development opportunity which the borrowers anticipate starting in the near future.

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    9255 Sunset Blvd, Ste 800
    West Hollywood, CA 90069
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