Hard Money

Hard Money Loan Program Highlights For Gas Stations and Convenience Stores

Designed for businesses with little to no financials, underperforming sites and locations that require a fast close.

Types Of Financing:

Acquisition
Construction
Expansion
Refinance
Start-Up

Loan Amounts:

$300,000 – $10,000,000

Terms:

1,2,3 Year Terms / Interest Only

Interest Rate:

9 – 18%

Loan To Value:

40 – 65%

Fees:

2 – 8 Points
1 Point Frequently Paid At Commitment

Eligibility:

Owner Occupied Preferred
Three Years Industry Experience Preferred
Debt Service Can Be As Low As 1.0 : 1

Collateral:

First lien on land, building, equipment and inventory.                                                                 Personal guarantees frequently required.

Underwriting Timeline:

Loan decision usually made within two days after all requested information is received.  Closing is usually 10-21 days after receipt of third party reports but many loans closer quicker.