Are there any lenders that will fund a gas station in any of the fifty states without an SBA guaranty? The problem with the SBA guaranty is that it takes a long time, is expensive with the fee, and is limited by the cap of $5 million. Thus many deals that are good solid cash flowing deals at reasonable LTV's cannot get financing. I have deals and nowhere to place them. Can anyone suggest a lender?

I know that many lenders took a beating on these as the appraisals got way out of whack with reality and some states had too many stations so the all competed against themselves and everybody lost. There has been a large reduction in the number of stations especially in certain states. So it appears to me that this is an underserved market at this time. Anyone that can fund these deals can make a very good return as there is little competition. 

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Hey Jeffrey,

I work with a broker in Florida and this is his niche.  Please email me at greenmobi@gmail.com and  include your contact info and I will get in touch with you in 24 hours.

Please send me a executive summary of each of your projects to scharlesthomas1@gmail.com

or call Sam Thomas of Paramount Financial Partners (515) 554-5541

Jeff,

I am a private equity lender and I provide bridge financing on gas stations and convenience stores nationwide.  Attached is a summary of my firm's offerings.  Please reach out to me at (203) 327-3327 or mdeibel@knightheadfunding.com if our services may be a fit.

Regards,

Max

Attachments:

Jeffrey,

We can fund gas stations. We utilize a small balance loan program for transactions such as these. We are a direct commercial lender here at IBS, N.A. I would love to take a look at your deals. Take a look at some of our press...

Recent Press Releases
 
Feel free to contact me  on my cell: 225.304.2634 or email: copelon.kirklin@myinstitutionalbanking.com

Hello Jeffrey,

I represent a full service commercial mortgage brokerage firm interested in funding different types of commercial real estate. Please contact me. I may be in a position to help - 817-350-7660.

Thanks.

Hi Ken:

Can you or someone send me your loan programs so I can determine if we have a fit? My direct email is jsjones@squarelakecapital.com. Thanks. All the best. .Jeff

Yes we do gas stations, restaurants and other retail ordinated business financing and have for 3 years now.  We are a 30 year old investment bank.  We all offer these programs including Micro Loan product below:

 International Investment Banking Group up to 100% funding either debt or equity or combination worldwide- $1M and above!  Funding based on strength of project not LTV or LTC.  We are interested in the Energy, Technology, Mining, Real Estate and Business - (lines of credit, working capital, contract financing, purchase order financing, factoring, etc.) sectors.  30 year proven track record!  

 We offer a quick, transparent and professional experience along with the most efficient service to fund your project.  We provide 100% of borrower’s capital request in the form of debt, equity or a combination and allow all documented expense paid by the borrower to be stacked on top of the funds requested.  We can offer a moratorium on payments until the project is stabilized and cash flowing if the timeline to stabilization is reasonable.  (Determined on a case-by-case basis)

 To start we need a mutual NDA completed, executed and returned by all parties to the project.  Additionally, once we know the sector of the funding request i.e. Energy, Technology, Mining, Real Estate or Business - (lines of credit, working capital, contract financing, purchase order financing, factoring, etc.) sectors.  We will provide a questionnaire that must be answered in detail and returned to access risk factors and determine our interest.   We are fully transparent and provide all the information for you to make an intelligent decision on doing business with us.  If the project has merit with strong principal, a very good plan, capital to support the project until funding we can get you through our in-house underwriting to funding.  We offer bank rate or better pricing not hard money.  Our rates are  based on the following indexes: Libor, Bond rate, 10-year Treasury or Prime depending on the project with terms of 3, 5, 7, 10 , 15 or 20 years.  Minimum loan amount is $1M US with no maximums on asset based lending. 

 Required Documentation: (for submission)

The following documents will be necessary to successfully underwrite and fund your project:

  • Business Plan or Executive Summary with actual or proforma income statements 3 -5 years
  • Balance Sheet/Financial Statement/Cash Flow/P & L with YTD less than 90 days old (if applicable)
  • Copy of Appraisal or other valuation (if available)
  • Expanded Resumes of all principals
  • Line Item Detailed Use of Funds for short-term and long-term projections
  • Exit strategy
  • Financial statement – Corporate/Personal

We will need the principal to show proof of funds invested to date in the project (if applicable), ability to pay for third party expenses which includes a site visit, a need and necessity study (mini feasibility) along with legal and due diligence.  They will receive an expression of interest in writing from the lender along with lender contact and documentation for their due diligence.  My job is to get you through our in-house underwriting and to funding!  We believe that relationship is critical if we are to be successful with our business venture and without a good relationship we will not be a good financial partner. 

 (The following remark is not intended to offend but stated because of so many request from those who believe that all cost can be paid from closing proceeds):

 “If there are no funds available to cover project cost and principals expects the lender to pay the necessary cost to determine if the project is lendable, close and fund the project and get their expenses from the loan proceeds then no one I know of can help you.”   I have 28 years experience in this industry and have never seen that happen with lenders in the US, Western Europe or anywhere else.

Ron Coleman, President

NEPCO, INC - FUNDING FOR PROJECTS AND ASSETS IN THE ENERGY, TECHNOLOGY, MINING, BUSINESS AND REAL ESTATE SECTORS    770-572-7765; nepcoinc@att.net; nepcoinc1 -Skype

 

MICRO LOAN PROGRAM - $100K-$900K (US ONLY)

Maximum Loan Amount: $900,000.00. Credit score minimum 640. Optimal is between 680 and 720.  

80%-90% - LTV.  We offer bank rate or better pricing not hard money.  Our rates are based on the following indexes: Libor, Bond rate, 10-year Treasury or Prime depending on the project with terms of 3, 5, 7, 10 , 15 or 20 years. No startups - but will consider those with record of success and less than 2 years of operations, no movie deals, no businesses with tax liens of any kind, no judgments of any kind, no foreign domiciles (domestic only) 

 Factoring, PO, equipment leasing, tenant improvement, unsecured loans up to $100,000, real estate (commercial and investment only) [NO SINGLE FAMILY OF ANY KIND], working capital asset based only, plant and equipment improvement and hard money in the following business segments…

 Real estate (these are by and large cash flow qualifying transactions), manufacturing, distribution, transportation, retail, multi-media, service, medical, hospitality, travel, food and beverage and sports and entertainment (non-movie).

 To start we need a mutual NDA completed, executed and returned by all parties to the project.  Additionally, once we know the sector of the funding request i.e. Energy, Technology, Mining, Real Estate or Business we will provide a questionnaire that must be answered in detail and return which helps to access risk factors and determine our interest.   We are fully transparent and provide all the information for principal to make an intelligent decision on doing business with us.  If the project has merit with strong principals, a very good plan, the principal has enough liquidity to support their project and are honest and cooperative we have an interest and can normally get them through our in-house underwriting to funding.

 Required Documentation: (for submission)

  • Business Plan or Executive Summary with actual or proforma income statements 3 -5 years
  • Balance Sheet/Financial Statement/Cash Flow/P & L with YTD less than 90 days old (if applicable)
  • Line Item Detailed Use of Funds for short-term and long-term projections
  • Copy of Appraisal or other valuation (if available)
  • Expanded Resumes of all principals
  • Personal or Corporate Financial Statement

  We will need you to show proof of funds invested to date in the project (if applicable), liquidity (cash in hand) to pay for third party expenses which includes an application and due diligence and engagement charge for which the cost is $7,150.  This is not upfront but after you receive an expression of interest in writing from the lender (MOU) and information provided for your due diligence. 

 

Jeffry, 

I sent you an email couple of days ago regarding your financing of gas stations.. Not sure if you received it or you already have your financing done.. would you let me know.. My firm lends on gas stations especially if the real estate is included in the sale..

Email me at: rabuata@eastern-cap.com

Hi Roger:

I apologize for not getting back with you earlier. Its the time of year and I have ten deals that I am working on to close either this month or next month. I have responded to some of the people but some are what I am seeking and some are not. Everyone has their own parameters and some fit for some of my deals and some don't. So I would be very interested in speaking with you about your programs. I always have the real estate as frankly the major value part of the deal. Most of my deals are refi's to pay off jobbers or to acquire notes from lenders etc. I may have a few purchases but that is not the majority of the business. I have very strong jobbers that I do business with and we need more lenders we can count on. Please let me know and email me at jsjones@squarelakecapital.com. Thanks. All the best.   Jeff

Hi Roger:

I've replied to your emails three times and they seem to be bouncing back to me. Or at least, I have had no response from you. Please email me your phone number as I have several deals for you. Thank you. 

Jeff

Jeff,

Please contact me directly Jeff@Nelson Commercial.org

Jeff,

International Investment Banking Group up to 100% funding either debt or equity or combination worldwide! We fund based on the project strength not LTV or LTC.   We are interested in the Energy, Technology, Mining, Real Estate and Business- (lines of credit, working capital, contract financing, purchase order financing, factoring, etc.) sectors. 30 year proven track record!  

We offer pricing is bank rate or better with terms of 3, 5,7,15 & 20 years.  No front fees. Principals must cover third party cost prior to closing. Our market is domestic and international. To move forward we will need an executive summary with proforma or actual income statement for 3-5 years, use of funds statement and exit strategy showing timeline for repayment along with bio/resume of Principal and their team.

We provide funding for the borrower’s capital request in the form of debt, equity or a combination and allow all documented expense and fees paid by the borrower to be stacked on top of the funds requested.  We can offer a moratorium on payments until the project is stabilized and cash flowing if the timeline to stabilization is reasonable.

 

(The following remark is not intended to offend but stated because of so many request from those who believe that all cost can be paid from closing proceeds):

 “If there are no funds available to cover project cost and principals expects the lender to pay the necessary cost to determine if the project is lendable, close and fund the project and get their expenses from the loan proceeds then no one I know of can help you.”   I have 28 years experience in this industry and have never seen that happen with lenders in the US, Western Europe or anywhere else.

NEPCO, INC - FUNDING FOR PROJECTS AND ASSETS IN THE ENERGY, TECHNOLOGY, MINING, BUSINESS AND REAL ESTATE SECTORS-WORLDWIDE

Ron Coleman, President

770-572-7765-ofc; nepcoinc@att.net; nepcoinc1 -Skype

 

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