Deal Details
Private Loan Type
Purchase
Approx. Funding Date
08/26/2025
Property Type
Property City
East Moline
Property State
IL
Loan Term (months)
12
Lien Type
1st Mortgage
Payment Type
Interest Only
Purchase Price
$1,400,000
Loan-to-Purchase Price
65%
Borrower's Contribution to Purchase
35%
Source of Borrower's Contribution
Cash
Location Type
Suburban
Property Condition
Good
Borrower's Plan
Continue Occupancy
Exit Strategy
Conventional Loan
Borrower Credit Rating
Excellent
Interest Rate
12.5%
Origination Points
2.5%
Broker Commission
$9,000
Deal Summary
Sherpa Capital Group LLC, a direct CRE private lender, funded a $900,000 bridge loan for the acquisition of a gas station and convenience store in East Moline, IL. We funded 65% of the $1,400,000 purchase price, while the Borrower contributed 35% cash at closing. Most conventional lenders shy away from gas stations, but Sherpa Capital Group, LLC stepped in with flexible capital to help an experienced operator seize a below-market opportunity. The Borrower plans to expand hot food offerings, broaden the liquor selection, and secure gaming licenses. This deal exemplifies how creative financing can unlock value in overlooked assets and underserved markets. The subject property was in good condition. The Borrower had excellent credit. They plan to continue operating the business long-term and will refinance with a conventional loan as an exit strategy. The interest rate was 12.5%, and we charged 2.5% origination points. The broker earned a $9,000 commission. The loan term was set at 12 months. This bridge loan was funded in August 2025.
Funded By
Sherpa Capital Group
Entrepreneurial Private Lender for All Types of Commercial Properties
Dealmakers
Rahul Shah
Managing Principal