Questions?: 800-649-5626

Questions?: 800-649-5626

Gas Station Commercial Property Loans and Financing

For many small business entrepreneurs, opening a gas or service station is the most common and popular choice. It is known however, that there is not a lot of money is made off of gas sales, many owners generate sufficient amounts of revenue from convenience store products and small auto repairs and maintenance services. Automotive fuel and service technicians will be in demand forever. Personal transportation will never go away and the need to maintain and service these vehicles will never go away either. We all need a capable and trustworthy automotive technician to help us keep our cars well maintained at a fair price and to advise us when our vehicles need attention.
As with most all commercial loans lending, acquiring a loan for a gas service station can be challenging. The very important factors such as environmental insurance and local regulations can become a boundary on getting the business planned and started. Many lenders tend to reject applications of this type for those very reasons. Leasing agreements and predicted revenue can also be a burden.
Gas stations and auto repair service and body shop loans for financing acquisition or refinances are easy. You have the ability to select from a variety of rates and terms for your businesses financial debt structure. We can arrange lenders for up to 90% CLTV of the purchase price or 70% to 80% of real estate value for refinancing.

Just like getting any other loan, you need to have a research done to find the most adequate  mortgage brokers in order to improve your chances of finding the right lender.

The gas station commercial loans are designed to for gas station, service station, gas and c-store and other coincidental property types located in all states. Gas station commercial property loans are available for the acquisition or refinancing of above average condition properties.
 
In recent years, gas station financing became more and more difficult due to a dynamic and ever changing industry, environmental concerns, strict supplier agreements and other external factors negatively impacting the industry.  
  
Gas Station Financing - Eligible Property Types -
Properties eligible for gas station commercial real estate loan program should be of above average condition, environmentally compliant and located in medium and above market sectors.
 
• Loans must be secured by Real Estate.
• Brand or Non-Branded is acceptable.
• Owner Operated or Investor
• Gas with C-Store is acceptable.
• Programs Available for Full-Service Stations
• SBA and Non-SBA Programs
• Established Businesses Only ( No Start Ups)

Gas Station Commercial Loans - Program Highlights -
 
1. Minimum Gas Station Commercial Loan Size $250,000
2. 15, 20, 25, & 30 Year Amortizations  3. Fixed and Variable Rate Options
4.  LTVs Range Between 55% - 80%  5. Flexible Prepay Options
6. Full Document Only  7. Minimum 620 Credit Score
8.  2 Year Seasoning for Refinances  9. Full Recourse Guarantee Required
 
Initial Gas Station Loan Documentation Check List:

 
• 3 Years Business and Personal Tax Returns
• Personal Financial Statement Dated Within the Past 60 Days
• Business Interim Financial Statements
• Supplier Agreement
• Franchise Agreement if Applicable
• Phase 1/Phase 2 Report
• AR/AP Schedules
• Purchase Agreement if Applicable
• Borrower's Credit Report - Borrowers may pull their own credit report and submit with loan application package. Report must show all three bureau scores. 
•  Statement Addressing Negative Items on Credit Report if Applicable


Commercial gas station and auto body repair shop mortgages highlights:

•  Loan-to-Value ratio (LTV): Gas stations auto body and repair shop loans for financing 70% LTV and higher.
•  Purpose: Loans for purchase, refinancing and cash outs.
•  Geographic Region: National
•  Rates and Terms: Very competitive
•  Program types: Fixed and adjustable types available.
•  Amortization period: Up to 20+ years
•  Secondary liens: Seller carry back allowed up to 90% (CLTV).
•  Down payment: As little as 10% with seller carry back.
•  Collateral:  First position lien only on subject property.
•  Appraisal: Appraisal required.
•  FICO score: Require a 575 minimum FICO score.
•  Environmental due diligence: Required on all properties.
•  Recourse: Full recourse to the borrower. Non-recourse under certain circumstances.
•  Fast Commitment and Closing - LOI issued within 2 days of application and firm commitment is issued within 4 days after receipt of all required documentation from borrower.

 

Gas Station Commercial Property Loans and Financing

For many small business entrepreneurs, opening a gas or service station is the most common and popular choice. It is known however, that there is not a lot of money is made off of gas sales, many owners generate sufficient amounts of revenue from convenience store products and small auto repairs and maintenance services. Automotive fuel and service technicians will be in demand forever. Personal transportation will never go away and the need to maintain and service these vehicles will never go away either. We all need a capable and trustworthy automotive technician to help us keep our cars well maintained at a fair price and to advise us when our vehicles need attention.
As with most all commercial loans lending, acquiring a loan for a gas service station can be challenging. The very important factors such as environmental insurance and local regulations can become a boundary on getting the business planned and started. Many lenders tend to reject applications of this type for those very reasons. Leasing agreements and predicted revenue can also be a burden.
Gas stations and auto repair service and body shop loans for financing acquisition or refinances are easy. You have the ability to select from a variety of rates and terms for your businesses financial debt structure. We can arrange lenders for up to 90% CLTV of the purchase price or 70% to 80% of real estate value for refinancing.

Just like getting any other loan, you need to have a research done to find the most adequate  mortgage brokers in order to improve your chances of finding the right lender.

The gas station commercial loans are designed to for gas station, service station, gas and c-store and other coincidental property types located in all states. Gas station commercial property loans are available for the acquisition or refinancing of above average condition properties.
 
In recent years, gas station financing became more and more difficult due to a dynamic and ever changing industry, environmental concerns, strict supplier agreements and other external factors negatively impacting the industry.  
  
Gas Station Financing - Eligible Property Types -
Properties eligible for gas station commercial real estate loan program should be of above average condition, environmentally compliant and located in medium and above market sectors.
 
• Loans must be secured by Real Estate.
• Brand or Non-Branded is acceptable.
• Owner Operated or Investor
• Gas with C-Store is acceptable.
• Programs Available for Full-Service Stations
• SBA and Non-SBA Programs
• Established Businesses Only ( No Start Ups)

Gas Station Commercial Loans - Program Highlights -
 
1. Minimum Gas Station Commercial Loan Size $250,000
2. 15, 20, 25, & 30 Year Amortizations  3. Fixed and Variable Rate Options
4.  LTVs Range Between 55% - 80%  5. Flexible Prepay Options
6. Full Document Only  7. Minimum 620 Credit Score
8.  2 Year Seasoning for Refinances  9. Full Recourse Guarantee Required
 
Initial Gas Station Loan Documentation Check List:

 
• 3 Years Business and Personal Tax Returns
• Personal Financial Statement Dated Within the Past 60 Days
• Business Interim Financial Statements
• Supplier Agreement
• Franchise Agreement if Applicable
• Phase 1/Phase 2 Report
• AR/AP Schedules
• Purchase Agreement if Applicable
• Borrower's Credit Report - Borrowers may pull their own credit report and submit with loan application package. Report must show all three bureau scores. 
•  Statement Addressing Negative Items on Credit Report if Applicable


Commercial gas station and auto body repair shop mortgages highlights:

•  Loan-to-Value ratio (LTV): Gas stations auto body and repair shop loans for financing 70% LTV and higher.
•  Purpose: Loans for purchase, refinancing and cash outs.
•  Geographic Region: National
•  Rates and Terms: Very competitive
•  Program types: Fixed and adjustable types available.
•  Amortization period: Up to 20+ years
•  Secondary liens: Seller carry back allowed up to 90% (CLTV).
•  Down payment: As little as 10% with seller carry back.
•  Collateral:  First position lien only on subject property.
•  Appraisal: Appraisal required.
•  FICO score: Require a 575 minimum FICO score.
•  Environmental due diligence: Required on all properties.
•  Recourse: Full recourse to the borrower. Non-recourse under certain circumstances.
•  Fast Commitment and Closing - LOI issued within 2 days of application and firm commitment is issued within 4 days after receipt of all required documentation from borrower.

 

Call Today

 

 Reasons to call us: 

      1. Low rates and fees
      2.
Fast approval decisions
      3. Close fast - and on your schedule
      4. FREE, no obligation consultation 
           



        1-800-649-5626

              ¡Hablamos Español!

 

 Reasons to call us: 

      1. Low rates and fees
      2.
Fast approval decisions
      3. Close fast - and on your schedule
      4. FREE, no obligation consultation 
           



        1-800-649-5626

              ¡Hablamos Español!

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Contact Us | About Us | Home
Ph: (626) 584-9824 | Fax: (626) 795-0054

Loans | Credit | Pasadena | Construction | Commercial

DRE #00786435, NMLS ID #239747

 

Contact Us | About Us | Home
Ph: (626) 584-9824 | Fax: (626) 795-0054

Loans | Credit | Pasadena | Construction | Commercial

DRE #00786435, NMLS ID #239747

 

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