First Financial Capital Provides $18.8M Bridge Loan For Boca Raton Gas Stations

The transaction involved the financing of the acquisition of two gas stations located at 801 Yamato Road and 690 Glades Road in Boca Raton, Florida. The total square footage of the asset is 104,024, and the loan amount secured for this acquisition was $18,774,000, categorized under a bridge loan with specific terms including a duration of five years, interest-only payments, and the absence of prepayment penalties and exit fees.

Summary of transaction details:

• Property Type: Gas Station
• Transaction Amount: $18,774,000
• Loan Type: Bridge Loan
• Loan Terms: 5-year, Interest Only, No Prepayment Penalties, No Exit Fees
• Address: 801 Yamato Road & 690 Glades Road
• Market: Boca Raton
• Lender: First Financial Capital - Faraz Ghadooshahy

The financing was arranged by Faraz Ghadooshahy of First Financial Capital, a private bridge lender based in West Hollywood specializing in special purpose properties such as those involved in hospitality and gas station construction and acquisition. The firm provides tailored lending solutions for unique property transactions.