A bridge loan in the amount of $3,095,000 was secured for the acquisition of a gas station located at 7494 Indiana Avenue in Riverside. The gas station has a total square footage of 37,462 and is part of the Riverside market. The loan was provided by First Financial Capital, a privately capitalized bridge lender in West Hollywood known for financing special purpose properties such as gas station construction or acquisition. The loan terms include a 12.00% interest rate with an interest-only period, a 3.00% fee, a duration of 1 year with 2 renewal options, and no prepayment penalty.

Summary of transaction details

• Property Type: Gas Station
• Transaction Amount: $3,095,000
• Address: 7494 Indiana Avenue
• Market: Riverside
• Square Footage: 37,462

First Financial Capital's representative, Faraz Ghadooshahy, facilitated the loan transaction. Scott Olson from C-Store Realty served as the broker in this deal. First Financial Capital prides itself on successful financing for the acquisition of a 76 branded gas station in just 11 business days. For more information or inquiries, interested parties can contact First Financial Capital at 310.694.5060 and ask for Faraz.