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Commercial
Mortgage Loan
Quick Links |
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Gas Station
Commercial Property Loans and
Financing
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CommercialBanc
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. |
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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. |
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CommercialBanc
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 -
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Properties eligible
for CommercialBanc's
gas station
commercial real
estate loan program
should be of above
average condition,
environmentally
compliant and
located in medium
and above market
sectors. |
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Loans Must be Secured by
Real Estate - No Business
Only Financing -
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Owner Operated or Investor
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Programs Available for
Full-Service Stations
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Established Businesses Only
- No Start Ups -
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Gas Station
Commercial Loans - Program
Highlights -
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Minimum Gas Station Commercial Loan Size
$250,000
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15, 20, 25, & 30 Year
Amortizations
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Fixed and Variable Rate
Options
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LTVs Range Between 55% - 80%
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Flexible Prepay Options
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Full Document Only
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Minimum 620 Credit
Score
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2 Year Seasoning for
Refinances
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Full Recourse Guarantee
Required
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Initial Gas
Station Loan
Documentation
Requirements
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To consider a
request for
financing,
CommercialBanc
requires the
following
documentation: |
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3 Years Business and
Personal Tax Returns
Personal Financial Statement
Dated Within the Past 60
Days
Business Interim Financial
Statements
Supplier Agreement
Franchise Agreement if
Applicable
Phase 1/Phase 2 Report
AR/AP Schedules
Purchase Agreement if
Applicable
Borrower's Credit Report -
Borrowers may pull their own
credit report and submit
with loan application
package. Report must show
all three bureau scores.
CommercialBanc will pull
credit prior to approval.
Statement Addressing
Negative Items on Credit
Report if Applicable
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To learn more about
CommercialBanc's
gas station
financing contact a
commercial mortgage
professional today
at
1-866-706-BANC. |
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