FINANCED
First Financial Capital Provides $35M Acquisition Loan For Portfolio Of 24 Gas Stations In Fairview, OR
255 Depot Street - Leatherse Enterprises Inc
Package Deal
845,316 SF
845,316 SF
Financed 184 days ago
Summary
Loan
OREGON
Package Deal
845,316 sqft
Leatherse Enterprises Inc has completed the acquisition of a package deal in Fairview, OR. The property consists of 24 gas stations and has a total square footage of 845,316. The transaction was facilitated by Faraz Ghadooshahy of First Financial Capital, who acted as the lender for the deal.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $35,000,000
- Address: 255 Depot Street
- Market: Fairview, OR
S&S Petroleum, represented by their landlord, was the seller in this transaction. The loan provided by First Financial Capital was an acquisition loan with a loan amount of $35,000,000. The terms of the loan include an interest-only payment structure and a duration of 1 year, with the option for 2 free annual renewal options. This portfolio acquisition of gas stations marks a significant investment for Leatherse Enterprises Inc in the Fairview market.
Players
All
1
Lenders
1
Details
FINANCED
IMAGE: Faraz Ghadooshahy
DATE: 10/20/2023
ADDRESS: 255 Depot Street - Leatherse Enterprises Inc
MARKET: Fairview, OR
ASSET TYPE: Package Deal ~ SF: 845,316
LENDER: First Financial Capital (@FirstFinancialCapital) - Faraz Ghadooshahy (@FarazGhad)
LANDLORD: S&S Petroleum
LOAN AMOUNT: $35,000,000
LOAN TYPE: Acquisition Loan
LOAN TERMS: I/O, 1 year + 2 free annual renewal options
NOTE FROM LENDER: Portfolio acquisition of 24 gas stations.View on map
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Address255 Depot Street - Leatherse Enterprises Inc
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