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

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FINANCED
$18,774,000

Florida

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Other104,024 SF
Financed 12/21/2021
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FINANCED

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

801 Yamato Road, Boca Raton, FL 33487

See Similar Deals
Other104,024 SF
Financed 12/21/2021
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Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$180
Total Square Footage:104,024 SF
Transaction Type:Loan

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.

Players

FG
3 deals$23.4M volume
LENDER

LENDER

Details

FINANCED
IMAGE: Faraz Ghadooshahy DATE: 12/21/2021 ADDRESS: 801 Yamato Road & 690 Glades Road MARKET: Boca Raton ASSET TYPE: Gas Station ~ SF: 104,024 LENDER: First Financial Capital (@FirstFinancialCapital) - Faraz Ghadooshahy (@FarazGhad) LOAN AMOUNT: $18,774,000 LOAN TYPE: Bridge Loan LOAN TERMS: 5-year, Interest Only, No Prepayment Penalties, No Exit Fees. NOTE FROM @FirstFinancialCapital: First Financial Capital successfully financed the acquisition of two gas stations in Boca Raton, Florida. First Financial Capital is a privately capitalized bridge lender located in West Hollywood with a niche in special purpose properties such as hospitality & gas station construction/acquisition. Call First Financial Capital @ 310.694.5060 & ask for Faraz Firstfincap.com

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$18,774,000.00

Monthly NOI$125,160.00
Monthly Debt Service$118,664.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00