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Gas Station
Financing
- "Flagged" Properties (Shell, Mobil,
Chevron , etc.)
- 25 Year Term / No Balloon
- 80% LTV (Up To 90% CLTV with 10% seller carry back
second)
- Assumable With Qualification
- Working Capital & Equipment Financing
Available*
- Loans up to $3 Million on South Florida
Properties
REQUIREMENTS:
- Borrower MUST have 10% of Their Own
Funds For Down Payment at Time of Application.
- Excellent Credit 650 middle Credit Score or
Above
- Must Be a US Citizen
- Borrower Must Document Significant Experience Managing A Gas Station
Property
- Personal Financial Statements Required For ALL
Borrowers or Guarantors
- 10% of Borrowers OWN Funds Must Be Applied on
Purchases
- Property MUST Include A Convenience
Store, Car Wash etc., (no stand alone gas stations)
- 3 Years of Property Income Statements MUST
Support Cash Flow Requirements For Program.
- 90% CLTV on Purchases Requires a 10% Seller
Carry Back Financing
*Working Capital and Equipment Financing
considered when financing real estate. Loan program is subject to change
at any time without notice. |
