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6 Gas Station Portfolio Acquisition in Oregon & Washington; 71% LTV
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First Financial Capital successfully completed the financing for a gas station portfolio consisting of six gas stations, three of which were in Oregon and three in Washington. As a seasoned borrower with FFC, the borrower had reached out to FFC within a few working days the team had flown out to see each of the six sites. This was an attractive opportunity for our borrower with franchise agreements coming close to expiration.
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With tight deadlines and the lengthy traditional financing process for special purpose properties, our borrower used our bridge financing to tie up the transaction within 2 weeks time.
- Closing Date
- Loan Amount
- $8,550,000
- Area
- Washington & Oregon
- Purpose
- Acquisition Loan
- Brand
- 4 Branded, 2 Unbranded