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Faraz Ghadooshahy Of First Financial Capital Provides $2.375M Loan For Gas Station Acquisition

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FINANCED
$2,375,000

California

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MultiFamily8,712 SF
Financed 10/14/2024
the dealdetailscomps
Property Image
FINANCED

Faraz Ghadooshahy Of First Financial Capital Provides $2.375M Loan For Gas Station Acquisition

2330 Santa Fe Avenue

See Similar Deals
MultiFamily8,712 SF
Financed 10/14/2024
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$272
Total Square Footage:8,712 SF
Transaction Type:Loan

The property involved in this transaction is a gas station located at 2330 Santa Fe Avenue in the Hughson market. The asset has a square footage of 8,712 and the loan amount for its acquisition is $2,375,000.

Summary of transaction details:

  • Property Type: Gas Station
  • Transaction Amount: $2,375,000
  • Lender: Faraz Ghadooshahy - First Financial Capital
  • Landlord: Jackson Singh
  • Loan Type: Acquisition
  • Loan Terms: 96% LTV, Interest Only, No prepayment penalty, 2 free annual renewal options

This transaction involved Faraz Ghadooshahy acting as the lender, representing First Financial Capital, a privately capitalized bridge lender specializing in gas station financing. The loan was processed swiftly in less than 2 weeks, showcasing the lender's capabilities in efficiently handling gas station acquisitions in California, Oregon, Washington, and Florida.

Details

FINANCED
IMAGE: Faraz Ghadooshahy DATE: 10/14/2024 ADDRESS: 2330 Santa Fe Avenue MARKET: Hughson ASSET TYPE: Gas Station ~ SF: 8,712 LENDER: Faraz Ghadooshahy (@FarazGhad) - First Financial Capital (@FirstFinCap) LANDLORD: Jackson Singh LOAN AMOUNT: $2,375,000 LOAN TYPE: Acquisition LOAN TERMS: 96% LTV, Interest Only, No prepayment penalty, 2 free annual renewal options NOTE FROM LENDER: First Financial Capital is a privately capitalized bridge lender with a niche in gas stations. We financed the acquisition of this site in less than 2 weeks at 96% LTV which is why we are the gas station lenders in California, Oregon, Washington, and Florida. Feel free to give us a call with any gas station related inquiry (310)-694-5060

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,375,000.00

Monthly NOI$15,833.33
Monthly Debt Service$15,011.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00