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First Financial Capital Provides $1.5M Bridge Loan For Retail Property On North Hill Street In Los Angeles

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FINANCED
$1,500,000

California

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Retail8,774 SF
Financed 01/27/2023
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Property Image
FINANCED

First Financial Capital Provides $1.5M Bridge Loan For Retail Property On North Hill Street In Los Angeles

900 North Hill Street

See Similar Deals
Retail8,774 SF
Financed 01/27/2023
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$171
Total Square Footage:8,774 SF
Transaction Type:Loan

The retail property located at 900 North Hill Street in Los Angeles has recently undergone a loan transaction. The property has a total area of 8,774 square feet.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,500,000

First Financial Capital, a privately capitalized bridge lender based out of West Hollywood, provided the loan for this transaction. The lender's representative, Faraz Eli Ghadooshahy, facilitated the deal. The loan type is a bridge loan, with interest-only payments. The terms of the loan include a 1-year term and two free annual renewal options, with no prepayment penalties.

First Financial Capital specializes in gas stations and hospitality assets, making them a top gas station lender in California, Washington, Oregon, and Florida. For more information or inquiries about this loan, interested parties can contact First Financial Capital at 310.694.5060 and ask for Faraz.

Players

FG
3 deals$23.4M volume
LENDER

Details

FINANCED
IMAGE: Faraz Eli Ghadooshahy DATE: 01/27/2023 ADDRESS: 900 North Hill Street MARKET: Los Angeles ASSET TYPE: Retail ~ SF: 8,774 LENDER: First Financial Capital (@FirstFinCap) - Faraz Eli Ghadooshahy (@FarazGhad) LOAN AMOUNT: $1,500,000 LOAN TYPE: Bridge Loan LOAN TERMS: Interest Only, 1 year term + 2 free annual renewal options. No prepayment penalties NOTE FROM LENDER: First Financial Capital is a privately capitalized bridge lender based out of West Hollywood with a niche in Gas Stations and Hospitality assets. Our expertise in the industry allows for us to provide high leverage debt. This is why we are the No.1 gas station lenders in California, Washington, Oregon, and Florida. Call First Financial Capital @ 310.694.5060 & ask for Faraz

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,500,000.00

Monthly NOI$10,000.00
Monthly Debt Service$9,481.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00