)
bridge
Bridge Loan, Warrenville, Illinois - Convenience Store & Gas Station Acquisition
Warrenville, Illinois
Client: Experienced multi-site gas station operator acquiring an additional location.
Transaction: Acquisition of a closed gas station in Warrenville, Illinois, from a corporate seller.
Challenge: Vacant gas stations are difficult to finance. With no in-place cash flow and an asset class most conventional lenders avoid outright, the buyer could not get bank financing and needed certainty of execution on a compressed timeline.
Opportunity: A well-located site from a motivated corporate seller, to be rebranded and reopened by a proven operator.
Action: Sherpa Capital Group provided a first-lien bridge loan at low leverage and closed quickly, giving the borrower the certainty the transaction required.