Funded
  • Price: 2,500,000

Property Description


The borrower is seeking $2.5 million to expand and renovate an existing service station. Will be adding 10 new pumps, Califonia mandated vapor recovery system, and drive-thru car wash. The project timeline has been estimated for 6 months and repayment of the loan is projected to be paid over 18 months. Current sales volume is in excess of 5 million a year and a recent PL report shows a 38% margin. Plans have already been approved by the city of Fresno and the current contract with AM/PM is good through 2026. The existing lot is approximately 1.5 acres and will be remodeled to accommodate the new facilities. The bare land was appraised in 2011 for 1.5 million and is located in a well established area of North Fresno with major grocery retailers across the street and on an adjacent corner. To get in on this great opportunity, don't delay as we already have commitments to cover 50% of the requested loan amount      

Property Details

Price: 2,500,000
City: Fresno
State: CA
Zip Code: 93710
Lot Square Footage: 65775