First Financial Capital had successfully completed construction financing for a 16-acre travel-center &amp; truck-stop development in the San Joaquin Valley, California in the amount of $11,450,000; 78% <a href="https://www.firstfincap.com/articles/loan-to-cost-ltc">LTC (loan to cost)</a>.

FFC was able to provide the borrowers with their first loan disbursement within two weeks of receiving a fully executed <a href="https://www.firstfincap.com/articles/letter-of-intent">LOI (letter of Intent)</a>, however, funding was delayed due to <a href="https://www.firstfincap.com/articles/right-of-first-refusal">ROFR (right of first refusal)</a> 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)

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

First Financial Capital has successfully places an acquisition loan for 76 branded gas station located in Monterey County. The subject site area is approximatley 20,000 square feet with room do improve the <a href="https://www.firstfincap.com/articles/acronyms">c-store (convenience store)</a>. This was a highly sought after gas station with significant value add potential which required the borrower to act quickly.

FFC was able to provide the borrower with an <a href="https://www.firstfincap.com/articles/letter-of-intent">LOI (letter of intent)</a> within a 24 hour request which allowed for the borrower to submit a irrefutable offer.

Acquisition Financing for Branded 76 Gas Station; 83% LTV

First Financial Capital completed a refinance of an existing gas station in three days. The borrower was in the final stages of obtaining <a href="https://www.firstfincap.com/articles/sba-loan-small-business-administration-loan">SBA financing</a> 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 <a href="https://www.firstfincap.com/articles/sba-loan-small-business-administration-loan">SBA financing</a> completed one week thereafter and paid off their <a href="https://www.firstfincap.com/articles/acronyms">OLB (outstanding loan balance)</a> with us without any fees.

Faraz Eli Ghadooshahy

Recent Financings

Funding in as few as 14 days