Recently Funded - Unbranded Gas Station Financing

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.

First Financial Capital is pleased to announce the successful funding of a $2.3 million acquisition loan for the purchase of an unbranded gas station in Oakland, California. This strategic financing enables the buyer to expand their business operations within Oakland.

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

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.

First Financial Capital has successfully provided an acquisition loan at 85.00% LTV (Loan to Value) 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.

First Financial Capital has successfully funded the acquisition loan for an unbranded gas station and free standing car wash located in Santa Maria, California. On roughly a half acre of land, the subject property included an updated 70 foot long car wash tunnel and room to improve the [C-store ( Convenience Store)](https://www.firstfincap.com/articles/acronyms)

The borrower had reached out to FFC just days before submitting an offer and recieved a verbal commitment to provide funding for this acquistion. This gave the borrower the freedom to write in an all cash offer with confidence, giving them a competitve edge against other offers.

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.

- First Financial Capital successfully completed the financing for a gas station portfolio consisting of six gas stations, three of which were in Oregon and three in Washington. As a seasoned borrower with FFC, the borrower had reached out to FFC within a few working days the team had flown out to see each of the six sites. This was an attractive opportunity for our borrower with franchise agreements coming close to expiration.

- With tight deadlines and the lengthy traditional financing process for [special purpose properties](https://www.firstfincap.com/articles/special-purpose-property), our borrower used our bridge financing to tie up the transaction within 2 weeks time.

First Financial Capital has successfully completed financing for the acquisition of an unbranded service station located in northern California in the amount of $1,600,000. FFC was able to finance the borrower at almost 90% [LTV (loan to value)](https://firstfincap.com/articles/loan-to-value-ltv) with favorable terms and no prepayment penalties.