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

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.