Equipment, Purchase Station / Property
Specialty financing, specifically gas station / convenience store / truck stop financing is unique and requires a complete understanding of the attributes of the industry including: Regulatory compliance, Economics of the fuel markets, Environmental issues, Fuel supply agreement issues, In-store vendor agreement issues, Rebate negotiations & Inventory management.
Mike J. Fox Consulting Services has been working with clients on these issues for over 20 years and helps to find the best lenders that have a working knowledge of the retail petroleum industry.
The majority of the national banks, regional banks and non-bank lenders all have strong backgrounds in providing residential mortgage lending for both single family and multifamily properties. They also have industry focused lending in healthcare, agriculture and industrial among others. But there are very few national banks, regional banks or non-bank lenders who will lend to the convenience store and retail petroleum industry due to its complexities noted above.
Michael J. Fox Financing Services has done hundreds of gas stations loans and 90% of the transactions we’ve done have been in this asset class. We also do car washes, auto repair facilities and other special purpose facilities.
Types of financing we facilitate: