A construction loan has been secured for the development of a gas station, carwash, and convenience store located at 12868 Campo Rd in Spring Valley. The property spans a total of 86,249 square feet and is classified as a special purpose asset. The loan was provided by First Financial Capital, a privately capitalized bridge lender specializing in special purpose properties such as gas station construction and acquisition. The loan amount is $4,675,000, and it is a construction loan with a term of 18 months. The loan terms include 18 months of interest-only payments and 2 free annual renewal options. There are no prepayment penalties and no exit fee associated with the loan.

Summary of transaction details

• Property Type: Special Purpose
• Transaction Amount: $4,675,000
• Address: 12868 Campo Rd, Spring Valley
• Market: Spring Valley
• Square Footage: 86,249

First Financial Capital, the lender for this transaction, is represented by Faraz Ghadooshahy. The landlord for the property is Atlas Jamul. Bill Grossnickle from WPG Consulting served as the broker in this deal. It is worth noting that First Financial Capital has expertise in special purpose properties, particularly in hospitality and gas station construction and acquisition. For more information, interested parties may contact First Financial Capital at 310.694.5060 and ask for Faraz.