Gas Stations C-Store and Auto
Body, Service and Repair Shops
Stated income programs suspended on gas station c-store
We offer financing
loans for gas stations, c-store and auto service repair and auto body shops and
other commercial properties across
the country. Whether you are an owner-operator of a single
gas station or auto repair service or body shop or own multiple
facilities, we offer competitive terms and low interest rates.
Gas stations and auto repair
service and body
shop loans for financing acquisition or refinances are easy. You have the ability to select from a variety of rates and
terms for your businesses financial debt structure. We can arrange lenders for up to 90% LTV
on SBA of the purchase price or up to 85% of real estate
value for conventional refinancing.
Automotive fuel and service
technicians will be in demand forever. Personal transportation will never go away
and the need to maintain and service these vehicles will never go away either. We all need a
capable and trustworthy automotive technician to help us keep our cars well
maintained at a fair price and to advise us when our vehicles need attention.
Commercial gas station c-store and auto body repair shop mortgages:
Loan-to-Value ratio (LTV): Gas stations auto body and repair shop loans
for financing 70% LTV
Purpose: Loans for purchase, refinancing and cash outs.
Geographic Region: From Anywhere
Rates and Terms: Very competitive -
Request a quote.
Program types: Fixed and adjustable types available.
Amortization period: Up to 20+ years
Secondary liens: Seller carry back allowed up to
Down payment: As little as 10% with seller carry back.
Collateral: First position lien only on subject property.
Appraisal: MAI appraisal required.
FICO score: Require a 575 minimum
Environmental due diligence: Required on all properties.
Recourse: Full recourse to the
borrower. Non-recourse under certain circumstances.
Fast Commitment and Closing - LOI issued within 2 days of
application and firm commitment is issued within 4 days after receipt of all
required documentation from borrower.
Most banks and other conventional lending sources all over the country often
turn down small amount loan requests for these property types. Many times the
borrower's credit is good and the property is sound and well-occupied. They just
don't want to handle small amounts. Because of this many deserving business
people do not get necessary loans. MFI will work with you to
close those small loans on gas stations and auto body repair shop financing that others will not handle.
Financing loans for
c-store - gas stations and auto service repair and auto body shops
can arrange financing for loans on gas stations with c-store, repair services and auto
body shops. Attached convenience stores enhance the bottom line profits. Terms for amounts starting at $250,000 and
up. We can offer you fixed as well as adjustable rates. The terms can
range up to 30 years. We will review your request package and, if it makes good economic
sense, we can generally have a "letter of interest" generated and out
to you in 1 or 2 days. Our
representative will be in touch with you through the whole process from
application to closing and will answer any questions you may have. MFI will work with you on your
purchase, refinance, or cash out mortgage for your gas service station or auto
body repair shop. We are here to help you meet your financial goals.
Most banks and other conventional
lending sources all over the country often turn down loan requests for these
types of commercial properties. They do not want the environmental issues
associated with gas stations, c-stores and auto repair and body shops. We can do!
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