First Financial Capital Secures Double-Faceted Financing for Innovative Convenience Store, Gas Station, and Carwash Project with Impressive 78% Loan-to-Value
- Loan Amount
- $13,000,000
- Property Type
- Gas Station
- Area
- California
- Purpose
- Construction Loan
- Brand
- Arco
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.
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