Construction Financing for a Truck-stop/Travel Center Ground Up Development; 78% LTC

Loan Amount
$11,450,000
Property Type
Truck Stop
Area
San Joaquin Valley
Purpose
Construction Financing
Brand
Travel Center

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)

* To protect privacy, image may not be of the described site.

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

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...

Read more

$6MM Funded for Class A office in Northern California

First Financial Capital is proud to have financed the acquisition of a premier Class A office building in Walnut Creek, CA for an existing client. This $6,000,000 transaction was successfully closed in just 30 days.The penthouse level of the building will soon become our client’s new corporate headquarters....

Read more

FFC Facilitates Seamless $3.4M Acquisition in Bonney Lake

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...

Read more

$3.7MM Funded For Oregon Gas Station Refinance

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...

Read more

Tell us about your project

Our office

  • First Financial Capital
    9255 Sunset Blvd, Ste 800
    West Hollywood, CA 90069
  • Contact
    (310) 694-5060