Recently Funded - Refinance Bridge Loans

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 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 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 recently provided bridge financing on a nonconforming property near downtown Los Angeles. The borrower needed to close within 30 days to avoid penalties, but due to the non-conforming nature of the property, had trouble securing financing through conventional means. After thorough analysis of the property, we determined it was worthy of a $6.7M loan facility, and provided financing within thirty business days.

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.