FFC Facilitates Seamless $3.4M Acquisition in Bonney Lake
- Loan Amount
- $2,720,000
- Property Type
- Gas Station
- Area
- Bonney Lake, WA
- Purpose
- Acquisition
- Brand
- Shell
Following up on our most recent closing in Goldendale, WA, First Financial Capital has successfully secured financing for the acquisition of another site for the same operator — this time in Bonney Lake, WA.
Last month, we structured a line of credit secured by a low-leverage gas station to set our client up for growth. This month, he drew $680,000 from that line to fund the down payment on a new $3,400,000 acquisition in Bonney Lake. We provided the financing for the remaining balance of $2,720,000— a seamless transition from refinance to acquisition.
