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Gas/c-store operator needs $6mm to finance the acq of 3 branded stations. $1.5mm equity. Direct lenders ONLY!

This is a real estate transaction on the east coast. Strong corporate guarantee. Potential for additional real estate collateral.

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Answers (3)
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The BAF Group LLC
MD

Jennifer, there are few (if any) direct lenders on this site. We broker such loans and have just done a $12 million Gas Station/C-Store refinance. My point is that, even though the Client/Borrower is one of the largest operators of Gas Station/C-Stores in the US, the principal was required to provide personal guarnatees, in addition to corporate guarantees. The days of non-recourse lending are all but gone. That is not to say it cannot be done; however, it is rare.

Moreover, you will find that many Banks are not lending for retail Gas operations, any more - at least temporarily. At least two Banks - on a huge, Eastern regional Bank, and the other a national Bank - are both divesting themselves of such loans, even for some of their Clients that have flawless, performing notes. And it is not all the fault of the Banks; it is frequently the pressure from the Federal overseers.

You will potentially need to be searching aggressively, to identify a lender that will provide you a package that has decent terms.

Oct 15, 2010
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Hey Thomas Fordyce. You screwed up. You wrote give "us" a call. You always write give"them" a call, "they" might be able to help you. (You know, like you have no interest in the company and trying to help out the posters for no particular reason.)

Oct 15, 2010
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Biz2Credit LLC
New York County, NY

Jennifer,

Biz2Credit finances a large no. of gas station deals across the country. Do you have the phase 1 and phase 2 reports for the gas stations and break down of the gas sales as well as C- Store sales.

Call Rohit at 2126444555 ext 107 or let me know your no. and I will call you.

Aug 10, 2010

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