Recently Funded - Gas Station Financing

First Financial Capital successfully completed multifaceted financing structure in the amount of $4,965,000 in 30 days.

Transaction Overview
This custom financial solution was structured to address three simultaneous capital needs for the borrower, including real estate acquisition, business expansion, and capital improvements.

Deal Structure Breakdown
The $4,965,000 facility was allocated across three distinct components:

• Part 1: Leasehold-to-Fee Simple Acquisition (Arco Station) Financing provided to purchase the underlying land of an existing Arco-branded gas station. The operators previously owned the business operations but have now secured the real estate. FFC provided 100% of the proceeds.
• Part 2: 100% Business Acquisition First Financial Capital provided 100% of the cash proceeds required for the operator to acquire a new, separate business entity (Business Only Loan).
• Part 3: Cash-Out for Site Improvements A cash-out, non-revolving credit line was established to fund critical site improvements. Specifically, these funds are designated for the replacement of fuel tanks at an existing gas station owned by the borrower.

First Financial Capital is proud to announce the successful funding of a $2.6M acquisition loan for two Chevron gas station properties in Redding, CA.

This financing supports a strong operator who is actively expanding across the Bay Area and Northern California.

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 successfully financed the land acquisition for an Arco branded gas station, covering a 20,972 SF lot at a $2,270,000 purchase price, financed at 100%.

The borrower already operated the site, having acquired the business with FFC financing three months ago. From the start, the plan was to finance the business first and the land second. The borrower had already negotiated the land purchase with the oil company before even closing on the business, so this deal was set up well in advance.

Strategized from day 1.

First Financial Capital successfully provided $1,700,000 in bridge financing for the acquisition of a 76 branded gas station located in Salem, Oregon.

The asset sites on a .34 acre corner lot and includes a 2,000SF convenience store with 4 MPDs.

Located in a densely populated residential area, the site benefits from strong convenience store sales while also serving as a compelling covered land play due to the underlying real estate.

First Financial Capital is pleased to announce the successful closing of a $2,800,000 cash-out refinance for a Mobil-branded gas station in Lakewood, CA.

The proceeds were structured as a non-revolving line of credit. Under this structure, the borrower retains full discretion over the funds and is only responsible for interest on the amount disbursed.

First Financial Capital successfully funded the acquisition of a Valero-branded gas station in Antioch at 93% LTV in the amount of $2,830,000.

Located on a half-acre lot off the freeway, this deal presented significant challenges, including an expiring lease and a lack of historical financials from the operator. By leveraging our deep industry expertise, we developed realistic performance projections to overcome these hurdles and secure high-leverage financing for our client.

First Financial Capital successfully facilitated acquisition financing for a Chevron-branded gas station and convenience store in Livermore, California. This was a strategic purchase for a major Bay Area operator expanding their operations in the area.

First financial capital has successfully financed the acquisition of a Chevron branded gas station located in Hayward, California.

The purchase price totaled $3,950,000 with the borrower contributing only 20% down. We've structured and closed the transaction within 60 days this property sits on just under half an acre and includes an on site car wash.

First Financial Capital successfully provided 100% financing for the hard costs of a newly developed Arco-branded fuel facility, featuring a 4-MPD diesel station, 3,800 SF convenience store, and car wash.

Located just off the freeway on 2.57 acres along Interstate 215, the site is positioned to become a key fueling destination for truck operators and a high-visibility stop for highway travelers.

First Financial Capital has successfully financed the acquisition of a Sinclair blended gas station located in the city of Rufus, Oregon. The total price of this acquisition was 3,840,000. This transaction was unique due to the scope of real estate that was involved beyond the station itself, the acquisition included the purchase of five additional parcels in the surrounding area this assemblage comprised of both adjacent and surrounding lots bringing the total land area of the acquisition to 7.54 acres.

We are pleased to announce the closing of a $6,715,000 financing for a 76 branded gas station with an on-site car wash and self-wash facility located in Bremerton, Washington.

The borrower is an experienced owner-operator with a significant portfolio of stations in the surrounding market.

Backed by a $4.1MM loan, this transaction marks a strategic expansion for our client, whose strong and diversified portfolio continues to set the standard for gas station operations in Northern California.

First Financial Capital successfully funded $4,000,000 for the acquisition of a Chevron gas station in Berkeley, California. The borrower, an experienced operator with a growing portfolio of fuel and convenience assets across the Bay Area, secured this high-visibility location to further expand their regional footprint.

First Financial capital has successfully financed the acquisition of a seven-acre Conoco branded gas station located in Athol, Idaho.

The property operates as a mini truck stop featuring 2 fueling canopies and a 3,000 square foot convenience store with ample flat land designed for future development which will be used towards the development of a truck dealership.

First Financial Capital is proud to announce the successful funding of a $1.1MM acquisition loan for a Shell gas station in the Stockton, CA area.

The loan was structured with 100% financing, allowing our client to acquire the asset without an equity contribution. The borrower is a seasoned jobber with a strong footprint in the retail fuel market.

First Financial Capital has successfully financed the construction expenses for the development of a Chevron branded gas station, 4000 square foot convenience store, a quick service restaurant space and a car wash in Fairfield, CA. This will be a state-of-the-art Chevron gas station sitting on 1.65 acres which we project will be pumping 350,000 gallons a month in addition to having a express car wash with 18 vacuum stations.

First Financial Capital has successfully provided financing for the acquisition of a Valero gas station in Tracy, CA.

The borrower, a seasoned operator with several sites already under ownership in the region, was seeking to strategically expand his portfolio. Our objective was to structure financing that maximized leverage while maintaining operational flexibility. As a result, we provided a $1.9 million acquisition loan that allowed the borrower to preserve liquidity and continue pursuing additional opportunities.

First Financial Capital has successfully financed the acquisition of the land for an existing operator of a gas station in Vacaville CA. Providing financing for this site with seamless since the borrower had already owned the business and was simply exercising the right to purchase the land. We stepped in and provided 100% of the financing, funding the full $2,900,000 acquisition.

First Financial Capital has successfully closed the refinance of a 5 gas station portfolio spanning across California and Nevada the purpose of this refinance was to provide cash out proceeds to cover a complicated payoff structure that included removing various types of liens, satisfying a judgment, legal settlement and working capital.

First Financial Capital has successfully financed the acquisition of a Chevron-branded gas station in Yuba City in the amount of $2,000,000 at an LTV of 76%. The swiftness of this transaction stemmed from the lender–borrower relationship built over the past year. The borrower called us directly, and within five minutes we ran through the loan scenario. This gave the buyer the confidence to draft an offer without even having a term sheet in hand. Shortly thereafter, we issued a term sheet and delivered loan documents that mirrored exactly what was discussed on that initial call.

Following up on our most recent closing in Goldendale, WA, First Financial Capital has successfully secured financing for the acquisition of another site for the same operator — this time in Bonney Lake, WA.

Last month, we structured a line of credit secured by a low-leverage gas station to set our client up for growth. This month, he drew $680,000 from that line to fund the down payment on a new $3,400,000 acquisition in Bonney Lake. We provided the financing for the remaining balance of $2,720,000— a seamless transition from refinance to acquisition.

First Financial Capital has successfully provided financing for a truck stop located in Goldendale WA.

Our goal was to provide the borrower with the maximum amount of leverage in order for them to continue their growth mode during this economic period so as a result we came up with a financing structure that included a refinance of about $1 million and an additional $2.7 million in the form of a line of credit that will be used for future acquisitions.

The benefit of this transaction involves the borrower having full flexibility to be able to deploy his equity at his leisure towards future acquisitions and interest will only be paid on only funds that are dispersed.

First Financial Capital is proud to announce the successful closing of a $11MM loan for the purchase of a Chevron in Salinas, CA – with 100% LTV financing.

We worked closely with our existing client to structure a tailored financing solution, leveraging other sites in their portfolio to secure maximum leverage and achieve 100% LTV. This particular Chevron location is a high-performing site, with strong fuel sales volume and exceptional margins for the area, making it a valuable addition to our client’s expanding portfolio. By recognizing the strength of both the business and the borrower’s existing assets, we provided a strategic financing solution that supported their growth objectives while maximizing their investment potential.

First Financial Capital is proud to announce the successful $3.99 million acquisition financing for a Mobil gas station in Oakland, CA. As a returning borrower, our client once again benefited from our streamlined process and tailored financing solutions, allowing us to close the transaction within 30 days.

First Financial Capital is pleased to announce the successful $1.7 million acquisition financing for a Chevron gas station in Northern California. As a returning client, the borrower benefited from our efficient process and tailored financing solutions, allowing us to close the transaction in under 30 days.

First Financial Capital successfully funded $2.5MM for the acquisition of a prime redevelopment site just off the airport in Salinas, CA, meeting an exceptionally tight closing timeline. The borrower plans to transform the now-closed property into a Chevron gas station.

First Financial Capital has facilitated the acquisition and sale-leaseback of a gas station located on Indiantown Road in Jupiter, Florida. This transaction included funding for a comprehensive remodel, encompassing upgrades to the 2,400-square-foot store, fueling equipment, and signage rebranding to Exxon. The site features four MPDs and is now fully modernized to better serve the community.

We also executed the acquisition and sale-leaseback of an Exxon-branded gas station in Palm Beach Gardens, Florida. The property includes a 1,300-square-foot store, service bays, a car wash tunnel, and three MPDs on a .72-acre parcel. Strategically located as an outparcel of a bustling neighborhood retail center anchored by a Publix supermarket, this site is positioned for long-term success.

These transactions highlight our expertise in structuring tailored financing solutions that support the growth and modernization of high-potential assets.

First Financial Capital is proud to announce the successful financing of a 12.48-acre, state-of-the-art truck stop and travel center located in Bakersfield, CA. The property features two 2,500-square-foot commercial spaces and an impressive 80 Tesla Supercharging stations, making it a prime destination for commuters traveling along the I-5 freeway.

This complex transaction involved the consolidation of debt across four other collateral properties. While the purchase price of the property was $17.5 million, our team successfully structured and closed a total loan amount of $20.7 million, ensuring our client had the resources needed for a smooth acquisition.

Our team delivered acquisition financing within 45 days of engagement, demonstrating our commitment to efficient execution paired with our deep-rooted knowledge in the industry.

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 is pleased to announce the successful closing of a $6.1 million acquisition loan for a gas station in Oakland, California. This transaction demonstrates our commitment to supporting experienced gas station operators in the area.

First Financial Capital is pleased to announce the successful funding of a $5.1 million acquisition loan for a Chevron gas station and convenience store in San Jose, California. This transaction highlights our commitment to supporting the growth of our valued clients, as the borrower is an existing customer expanding their portfolio in the region. Notably, we were able to provide high leverage financing by utilizing equity in another site the client owns in the area, demonstrating our flexible approach to structuring deals.

First Financial Capital is thrilled to announce the successful financing of an aquisition of a Menlo Park Chevron. Demonstrating our commitment to providing tailored financing solutions, we worked closely with the borrower to ensure a flexible financing structure.

First Financial Capital successfully provided financing for a borrower looking to buy out a partner's equity in a San Francisco area 76 Station. By using an existing recent appraisal FFC was able to fund within 14 days.First Financial

First Financial Capital successfully funded a $2,700,000 loan for the acquisition of a Bay Area Chevron. The Sponsor is a seasoned operator in the area and this acquisition will certainly bolster their strategic presence in the thriving Bay Area market

First Financial Capital has successfully provided the financing for the construction of a convenience store, gas station, and carwash. The complexity of this transaction involved a double-faceted financing with both refinancing of the existing land debt and providing a construction commitment bringing the LTV to 78%.
 
FFC looks to the sponsor first, then the collateral property, which is why our team was able to provide a custom-tailored loan with sizable construction disbursements and interest reserves.

We are thrilled to announce First Financial Capital's successful funding of a $4 million loan to acquire the Mobil gas station in a prime Oakland, CA. The acquisition was completed by an existing borrower, and our team was able to close the deal in an impressive 30-day timeframe. The loan encompasses both the business and real estate purchase.

First Financial Capital has successfully funded the acquisition of Leathers Enterprises, Inc. comprised of 24 gas stations spanning the state of Oregon.

We worked very closely with the borrower in order create a financing structure that suited all parties and could close within 45 days.
 
Within a week of engagement, the FFC team toured each site in Oregon and began drafting loan documents. This transaction is a testament to why First Financial Capital is the top gas station lender in California, Oregon, and Washington.

As privately capitalized lenders combined with a team comprised of people who used to operate gas stations, FFC can provide high-leverage debt in the eight-figure range in less than 30 days.

First Financial Capital has successfully financed the acquisition of an Arco branded gas station in Torrance, California in less than one month.
 
As a relationship-based lender, the borrower exercised their track record with FFC to get a financing commitment for 70% of the purchase price prior to submitting an offer. This allowed for the borrower to secure the deal against other bidders with an all-cash offer and 3 week closing.  
 
With our custom tailored loans that have no pre-payment penalties, and free renewals, the borrower can now seek conventional debt in leisure.

We're excited to announce the successful funding of a $4.3 million loan for a new Shell gas station in Mountain View, CA. This project is especially significant as the borrower is a repeat client with multiple sites in the area.

With a seamless 30-day closing timeline, this expansion enhances their portfolio and underscores our commitment to supporting thriving gas station operators.

We are thrilled to announce our latest financing! FFC has proudly funded a $2.3 million loan for a Bay Area Valero Station. As trusted partners, we continue to provide tailored financial solutions that drive success for our clients in their respective markets.

First Financial Capital has successfully provided 100% financing for the acquisition of a Long Beach, CA Mobil gas station. The complexity of this transaction was that the appraisal amount came in shorter than expected; however as experts in the gas station industry, FFC recognized that the site was being purchased under market value which allowed for 100% financing.

First Financial Capital recently provided financing for the acquisition of a prominent Shell Station located in the heart of San Francisco. With a quick closing time of just 30 days, our streamlined and efficient funding processes enabled us to support a timely closing. Our commitment to transparency means there are no prepayment penalties associated with our loans, giving you the freedom to succeed on your terms.

First Financial Capital is thrilled to announce that we have provided $6.5M in funding for our client's acquisition of a South Florida Shell station. This funding will enable our client to expand their business operations and enhance their presence in the local community.

First Financial Capital is pleased to announce the acquisition and sale-leaseback of three gas stations in Florida for a total of $28,800,000. These gas stations are located in strategic locations across the state and are well-established with a strong customer base.

The acquisition of these gas stations is a significant step for First Financial Capital as it expands its portfolio and presence in the Florida market. We are excited to continue our work with the strong local operators who will be leasing the properties and continue to serve the community.

We are pleased to announce that First Financial Capital recently funded the acquisition of an Chevron gas station and carwash in Mill Valley, CA. The buyer is an established operator with multiple locations in the area. This particular business will be a great addition to the portfolio.

First Financial Capital recently funded the acquisition of an unbranded gas station and carwash in San Rafael, CA. The borrower was a local operator (with prior experience in the industry) looking to diversify his investment portfolio with a great return. We closed in under 30 days and this was part of a larger transaction.

We are pleased to announce the closing of an acquisition bridge loan, in conjunction with a comprehensive acquisition financing package, that enabled our client to acquire a high-visibility gas station located on a busy street in the city of Oakland, CA.

First Financial Capital recently funded the acquisition of a 76 gas station in Fremont California. The total loan amount was $3.5M and the borrower was able to close within 30 days.

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

First Financial Capital successfully completed construction financing for a Circle K C-Store and gas station development in the San Diego Area in the amount of $4,675,000.

First Financial Capital successfully completed the financing for a branded gas station and carwash located in the Inland Empire within 11 working days. The borrower reached out to FFC stating the importance that the transaction be completed before 2021 years end. The day after, the FFC team met with the borrower and committed to funding the transaction.

The complexity of this transaction included working closely with the title company. Prior to reaching out to FFC, the borrower had already started the process of obtaining SBA Financing which will be used to refinance our loan. In addition to being privately capitalized, all of our loans are designed with no prepayment penalties and no interest guaranteed payments which makes refinancing easy.

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 had successfully completed construction financing for a 16-acre travel-center & truck-stop development in the San Joaquin Valley, California in the amount of $11,450,000; 78% [LTC (loan to cost)](https://www.firstfincap.com/articles/loan-to-cost-ltc).

FFC was able to provide the borrowers with their first loan disbursement within two weeks of receiving a fully executed [LOI (letter of Intent)](https://www.firstfincap.com/articles/letter-of-intent), however, funding was delayed due to [ROFR (right of first refusal)](https://www.firstfincap.com/articles/right-of-first-refusal) rights upon signing a franchise agreement that were prejudice to the lender. FFC reacted quickly and their team was able to come to a subordination agreement with the franchisor within 30 days.

Estimated project completion is set for 10-months (Summer, 2022)

FFC recently funded the acquisition of a Bay Area Shell Station. The buyer was able to opportunistically acquire this Shell Station with our fast financing. We were able to go from first contact to closed deal in under 10 days.

First Financial Capital successfully funded the acquisition of four major Northern California gas stations. Within one year, the borrower acquired all four stations from different sellers. Each transaction was unique and closed within 30 days. The stations were unbranded when acquired and the borrower converted them to 76, Chevron, and Mobil after the sale.

First Financial Capital successfully funded the acquisition of a state of the art Northern California Chevron station. The borrower used First Financial Capital for several transactions and this acquisition was closed in 30 days.

First Financial Capital successfully funded the acquisition of a Kwik Serv station in South San Francisco. The borrowers were able to acquire the property with funds provided for both the real estate and the business purchase.

First Financial Capital provided acquisition financing for an unbranded gas station and carwash in Santa Maria, CA. Acquired by a repeat client who is an experienced operator with multiple locations in the area. First Financial Capital’s lending team worked closely with the borrower to structure a loan that met their needs and closed within 30 days of application.

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 recently funded a bridge loan to finish construction and stabilize a 76 branded gas station and convenience store in Oregon. This store is located in a very busy, fast growing community outside of Bend, Oregon.

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.

First Financial Capital provided $3,300,000 for an acquisition of an Arco in Ventura County, CA. We moved quickly by working with the borrower's broker and went from first contact to fully funded in under ten days.

First Financial Capital has successfully financed the acquisition of a 50,500 square foot, Shell branded gas station located in Bakersfield, California. As a privately capitalized lender with full flexibility to curate a loan specific to each transaction, FFC based the loan off sponsor pedigree and provided a loan commitment within two weeks.

We provided quick financing to a repeat borrower to acquire a Chevron gas station and convenience store in the Eugene Oregon area.

- 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 places an acquisition loan for 76 branded gas station located in Monterey County. The subject site area is approximatley 20,000 square feet with room do improve the [c-store (convenience store)](https://www.firstfincap.com/articles/acronyms). This was a highly sought after gas station with significant value add potential which required the borrower to act quickly.

FFC was able to provide the borrower with an [LOI (letter of intent)](https://www.firstfincap.com/articles/letter-of-intent) within a 24 hour request which allowed for the borrower to submit a irrefutable offer.

First Financial Capital completed a refinance of an existing gas station in three days. The borrower was in the final stages of obtaining [SBA financing](https://www.firstfincap.com/articles/sba-loan-small-business-administration-loan) to take out the preexisting lender, however the lender was adamant on the maturity date and was persistent on foreclosing on our borrower. With the ability to close in stellar speeds, FFC was able to complete a quick gas station refinance without any prepayment penalties. Our borrower’s [SBA financing](https://www.firstfincap.com/articles/sba-loan-small-business-administration-loan) completed one week thereafter and paid off their [OLB (outstanding loan balance)](https://www.firstfincap.com/articles/acronyms) with us without any fees.

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.

First Financial Capital provided an acquisition loan in the amount of $1,260,000 for a Marathon branded gas station located in northern California. The subject site had received multiple offers at asking, however our client was the only offer without financing contingencies. The borrower had contacted FFC and we provided a commitment to allow for them to make an offer with full confidence.

FFC had initially committed to 76% [LTV (loan to value)](https://www.firstfincap.com/articles/loan-to-value-ltv) for the acquisition in the amount of $1,000,000, however the borrower offered for us to cross collateralize with another asset in order to obtain the remaining delta in the amount of $260,000.

First Financial Capital has successfully placed a $10,900,000 construction loan for the development of an Arco/ampm, three [QSR (quick service restaurant)](https://www.firstfincap.com/articles/acronyms), and carwash in Menifee, California at a [LTC (loan to cost)](https://www.firstfincap.com/articles/loan-to-cost-ltc) of 80%. The sponsor has an extensive background in both the development and operation within the retail space and has since become the largest Arco/ampm owner and operator in California.

Despite the market uncertainty during the peak period of the COVID-19 pandemic in May, 2020, FFC was still able to provide the sponsor with an [LOI (letter of intent)](https://www.firstfincap.com/articles/letter-of-intent) in 24 hours. Three weeks thereafter, the borrower received the first draw of $2,725,000 of four in June, 2020.

The ease of this transaction was only possible due to FFC being privatley capitalized which allowed for a quick credit descision process.

Estimated completion of the project is set for December, 2021.

First Financial Capital provided a gas station loan for the development of 1.21 acres of land to build a Shell branded gas station with a Circle-k branded [c-store](https://www.firstfincap.com/articles/acronyms) and car wash in Irvine, California.