Recently Funded - Construction Loans

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 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 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.

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 provided acquisition and construction financing for an ultra luxury home in Pacific Palisades, California. The loan was for $15,300,000.

This is the second project we have done in the area and we look forward to becoming the lender of choice for Pacific Palisades development projects.

First Financial Capital’s Construction Loan programs are designed to meet your specific financing needs whether you are building a new custom home or doing a ground-up development project.

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)

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 has successfully completed financing for the construction of a carwash and the future acquisition of another asset within 14 days.

FFC designed this loan specifically for our client to be divided into two installments; the first installment to pay off existing land debt & finance the construction of a carwash. The second installment will serve as a pledge to our client to go directly to escrow to fund the future acquisition of another asset. This gives our borrower the ability to pursue the acquisition of other assets in confidence.

First Financial Capital financed the construction loan for development of a luxury [SFR (single family residence)](https://www.firstfincap.com/articles/acronyms) behind the Bel Air Gates. The subject development site is over one acre of flat land and is situated on a hillside which offering tremendous views.

The developer has thorough experience developing luxury homes and has a track record of developing some of the most luxurious houses in Los Angeles, California.

**First Financial Capital** successfully funded the sponsor for a construction loan of an ultra-luxury home in the Pacific Palisades. The complexity of this transaction involved paying off existing debt on a near completed project & forecasting the future value of this home which is what FFC does best. The sponsor carried our financing for eight months and paid off the loan without any prepayment penalties.

We understand that it is hard to predict when an asset will sell, so we work with our borrowers to offer favorable renewal terms and no prepayment penalties to give our borrowers a competitive advantage in the real estate space.

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.

First Financial Capital had booked two loans for one property, one for the initial acquisition in the amount of $1,345,000 and the other for the construction loan in the amount of $13,500,000 bringing the total loan amount to $14,845,000.

The borrower needed quick funding for the acquisiton of fee-simple real estate and a clear game plan as to how they would go about developing the luxury home. FFC commited to providing the initial acquisiton funding which would then follow with the construction loan upon having full architecutal plans in hand.

While we do provide interest reserves on our loans, the borrower decided not to utlize it despite being in the midst of the COVID-19 pandemic.

The developer accurately predicted the estimated time of completion and sold the house in a turnkey state in Spring of 2021

Located in the heart of downtown San Francisco, First Financial Capital had provided a construction loan for the development of the Ritz Carlton Residences in San Francisco which consists of 52 residential units within 24 floors. FFC had worked an agreement with the sponsor where 75% of the principal payment received for each of the units sold would be allocated towards paying down the [OLB (outstanding loan balance).](https://www.firstfincap.com/articles/acronyms)

the structure is considerably the best place to live in San Francisco. The Ritz Carlton brand has a reputation for offerings premium services. Each of the residential units feature top of the line appliances, top tier finishes, 24-hour concierge & valet, on top of all of the other services that the brand offers.