$2,170,000 Construction to Permanent Financing of a Natural GAS Automobile Filling Station

  • Rate: 4.75% Fixed for 3 Years
  • Term: 17 Years
  • Amort: 2 Year IO; 15 Years Thereafter
  • Recourse

Transaction Description:

GSP arranged the construction financing for a Natural Gas Filling Station in Inglewood near LAX Airport. This station will service cars and busses equipped to operate on natural gas. The two year construction loan rolls to a 15 year permanent loan due in 15 years. Fixed for three years at 4.75%, the rate will reset to a 3 year LIBOR swap thereafter. The loan self-liquidates; there is no balloon risk to the Borrower.

Related Financings

Cash Neutral Refinance for Multifamily Property; Los Angeles, CA
View
Acquisition Financing for a 10-Acre Entitled Multifamily Site; Western State
View
$4,150,000 Acquisition Financing for Multi-Tenant Retail Center; Charlotte, SC
View
Bridge Financing for Cash-Out Refinance of a Special Purpose Property; Los Angeles, CA
View
Financing Placeholder
Land Financing for Entitled Land; Los Angeles, CA
View
Financing Placeholder
$38,500,000 Cash-Out Refinance of 98% Leased Grocery-Anchored Retail Center; Utah
View
Financing Placeholder
Unentitled Land Financing for Infill Multifamily Development; Los Angeles, CA
View
Financing Placeholder
$50,250,000 Acquisition Bridge Financing for a Multifamily Portfolio; Houston, Texas
View
Permanent Multifamily Financing; Los Angeles, CA
View
$3,830,000 Refinance of a 11-Unit Multifamily Property; Los Angeles, CA
View
Financing Placeholder
Acquisition Financing and JV Equity for 57.62 Acres of Vacant Land; Cibolo, TX
View
Land Acquisition Financing for 6.8-Acre Development Site; Denver, CO
View