Gas Station Underwriting

Definition:
properties with underground containers for the sale and distribution of gasoline.

Examples:
franchised and unfranchised gas stations.

Only in the past 5 years has underwriting for gas station financing become available due to the environmental exposure factor of these properties. Ecommloan can provide financing from $150,000 to $2 million based on phase 1 environmental report. Certain types of underground storage tanks require phase II and phase III environmental processes depending on the materials ability to resist corsosion.

We recommend applying for the real estate loan first as that is often times the first and quickest step to determine sale price or purchase price. .