Results 1 to 6 of 6
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10-25-2018, 11:52 AM #1
- Join Date
- Aug 2014
- Location
- San Juan, Puerto Rico
- Posts
- 14
Does any lender fund gas stations in Puerto Rico?
The merchant needs only $15K. He has another business (Tire Center) in the same location, but actually has a 1st position advance and no margin for a 2nd one. However, the monthly deposits in the gas station account averages above $50K and no advance or pending balance in this one.
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10-25-2018, 12:37 PM #2
Thats a tough one, not that it's in PR, it's because of the asset type - normally any financing on a gas station will require an environmental( phase 1 and possible 2) especially after a a storm, they could possible have leakage -and this could get very expensive, and lender like myself dont like taking that type of risk.
We've had money tied up in escrow for long periods of time until a clean up was complete... no fun.Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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10-25-2018, 07:09 PM #3
wow,...not only a gas station...but a gas station in storm ravaged Puerto Rico
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10-25-2018, 07:22 PM #4
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
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10-26-2018, 10:52 AM #5
- Join Date
- Dec 2013
- Posts
- 4,713
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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10-29-2018, 02:43 PM #6
- Join Date
- Jan 2017
- Posts
- 385
We do fund in Puerto Rico if you would like to discuss this deal further with me.
Paul Boxer
Merchant Marketplace
Chief Operating Officer
Chief Revenue Officer
Cell: (516) 805-9209
paul@merchantmarketplace.com
www.merchantmarketplace.com
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