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FFC Delivers $2M Financing for Yuba City Chevron Station Acquisition

Loan Amount
$2,000,000
Property Type
Gas Station
Area
Yuba City, CA
Purpose
Acquisition
Brand
Chevron

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.

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