Commercial Real Estate Loans for Gas Stations
Post date: Sep 21, 2014 11:38:57 PM
Commercial Real Estate Loans for Gas Stations
BankerBroker provides gas station commercial loans for gas station, service station, gas and c-store and other similar property types located in all 50 states and the District of Columbia. Gas station commercial property loans are available for the acquisition or refinancing of above average condition properties.
In recent years, gas station financing has become 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.
BankerBroker understands these challenges and has created special purpose gas station financing to meet the individual needs and requirements of its clients.
Gas Station Financing - Eligible Property Types -
Properties eligible for BankerBroker's 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-Brand
Gas With C-Store
Owner-Occupied or Investor Properties
Convenience With Limited Food Service OK
Established Businesses Only - No Start Ups -
Gas Station Commercial Loans - Program Highlights -
Minimum Gas Station Commercial Mortgage Loan Size is $500,000
Loan Collateralized by Commercial Real Estate - No Business Only Financing
Acquisition or Refinance of Stabilized
Gas Station Properties
Minimum 660 Credit Score
3, 5, 7, 10 Year Fixed Rates
15, 20, 25, & 30 Year Amortizations
Flexible Prepay Options
75% LTV - Subordinate Debt OK
3 Years of Historical Income Req.
Low Minimum 1.40 DSCR
Initial Gas Station Loan Documentation Requirements
To consider a request for financing, BankerBroker requires the following documentation:
3 Years Business Tax Returns
3 Years Borrowers Tax Returns
Business Interim Financial Statements
AR/AP Schedule
Schedule of Inventory
FF&E Breakdown
Franchise Agreement if Applicable
Supplier Agreement
Phase l / Phase ll Report
To learn more about BankerBroker's gas station financing contact a commercial mortgage professional today at 1-949-244-1880
For borrower seeking 80% gas station financing, BankerBroker offers borrowers an SBA loan option. Contact a gas station commercial mortgage professional for more information.