Gas Station Acquisition Financing | Orlando, Florida | $12,500,000

Deal Summary: ABP Capital assisted in the acquisition of non-performing notes and judgments secured by 9 gas stations located throughout the state of Florida. Working closely with a local owner/operator, ABP Capital facilitated the assignment of notes and judgments; transfer of ownership; and subsequent revitalization of the stations by timely providing $12.5 million in acquisition financing. Short term goals for the owner/operator are to get the gas stations operating in order to develop a sustainable cash flow before selling the stations.
Loan Amount: $12,500,000
Loan Type: Note Acquisition Financing
Loan Term: 24 months
Property Type: 9 Gas Stations
Property Location: Orlando, Florida