Transactions
When you work with PetroCal, you’re in good hands. We serve a broad client base ranging from new-to-industry operators opening their first location to national chains acquiring multi-site portfolios - and our service is unparalleled.
PetroCal Associates facilitates financing and brokerage transactions in the carwash, gas station, and convenience store industries.
Previously funded financing transactions:
CARWASH
$3,900,000
CONVENTIONAL COMMERCIAL LOAN
- Refinanced SBA 7(a) loan to provide sufficient SBA eligibility for expansion
- Loan included cash-out to be injected as equity into a second location financed with an SBA 504 loan
GAS STATION
$9,600,000
SBA 504 WITH COMPANION SBA 7(a) LOAN
- Acquisition of an operating major brand gas station, carwash, and c-store
- Real estate and equipment were financed using an SBA 504 loan; goodwill was financed using an SBA 7(a) loan
CARWASH
$30,000,000
PORTFOLIO REFINANCE LOAN WITH LINE OF CREDIT
- Consolidated conventional commercial loans from multiple lenders into one credit facility
- Loan included development line of credit for future expansion
CARWASH
$4,500,000
SBA 7(a) LOAN
- Ground-up construction of an express carwash for a new-to-industry operator
- No cash injection was required as the borrower already owned the land
CARWASH
$5,000,000
SBA 504 ACQUISITION AND RENOVATION LOAN
- Acquire an operating full-service carwash on leased land using 1031 exchange funds
- Upon closing, the facility was razed and rebuilt as an express carwash
CARWASH
$33,300,000
DEBT PLACEMENT FOR
MULTI-SITE FUND
- Arranged debt for fund of greenfield development projects and operating site acquisitions
CARWASH
$3,800,000
CONVENTIONAL COMMERCIAL LOAN
- Build-to-suit financing arranged for a net leased, major brand, corporate c-store operator
GAS STATION
$2,100,000
CONVENTIONAL COMMERCIAL LOAN
- Exercised right of first refusal option to purchase land underneath gas station
GAS STATION
$4,700,000
CONVENTIONAL BRIDGE AND SBA 504 LOAN
- Land acquisition and ground-up construction for major brand gas station, carwash, and franchise c-store
GAS STATION
$2,400,000
CONVENTIONAL COMMERCIAL LOAN
- Portfolio refinance for major brand gas station and c-store locations
CARWASH
$5,200,000
CONVENTIONAL COMMERCIAL LOAN
- Acquisition financing for a major branded tire center and express carwash
CARWASH
$3,600,000
SBA 504 CONSTRUCTION LOAN
- Construction-to-permanent financing for an expanding express carwash operator
CARWASH
$17,000,000
PARTNER BUYOUT & PORTFOLIO REFINANCE
- Leveraged existing equity to buyout partner’s interest with minimal cash contribution
GAS STATION
SELLER REPRESENTATION
- Represented Seller in the sale of land ground-leased to a major oil company
CARWASH
SELLER REPRESENTATION
- Represented Seller in the sale of an express carwash
- Competitive bid process generated multiple offers
CARWASH
SELLER REPRESENTATION
- Represented Seller in the off-market sale of an express carwash
CARWASH
BUYER REPRESENTATION AND CONVENTIONAL COMMERCIAL ACQUISITION FINANCING
- Sole broker involved in an off-market sale of an operating express carwash on leased land
- Arranged acquisition financing at above market loan-to-value
CARWASH
BUYER REPRESENTATION AND CONVENTIONAL COMMERCIAL ACQUISITION / CONVERSION FINANCING
- Represented buyer in off-market sale of an operating flex carwash on leased land
- Arranged acquisition financing including funds for renovation and conversion to an express carwash
CARWASH
BUYER REPRESENTATION FOR NEW MARKET ENTRY VIA MULTIPLE ACQUISITIONS
- Represented buyer in the purchase of multiple operating express carwashes
- Coordinated transactions with different sellers for concurrent closing
GAS STATION
TENANT REPRESENTATION AND SBA 7(a) CONSTRUCTION LOAN
- Represented tenant in obtaining a long-term ground lease
- Arranged financing for construction of a major brand gas station, carwash and franchise c-store
CARWASH
TENANT REPRESENTATION
- Represented tenant in obtaining a long-term ground lease for development of a carwash
GAS STATION
TENANT REPRESENTATION AND SBA 504 CONSTRUCTION LOAN
- Represented tenant in obtaining a long-term ground lease on municipal land
- Arranged financing for construction of a major brand gas station, QSR, and franchise c-store
CARWASH
LANDLORD REPRESENTATION AND LEASED FEE FINANCING
- Represented landlord in obtaining a national operator tenant for their entitled carwash property
- Arranged financing for the landlord that funded concurrently with the lease becoming non-contingent
CARWASH
LANDLORD REPRESENTATION
- Represented landlord in obtaining a regional operator tenant for their entitled carwash property
- In addition to ground rent, we obtained a developer fee for the landlord to compensate them for obtaining the entitlements and assigning them to the tenant
CARWASH
SELLER REPRESENTATION
- Represented Seller in the sale of four operating express carwashes to a national operator
- Ran a competitive bid-process and secured multiple offers
CARWASH
SELLER REPRESENTATION
- Represented Seller in the sale of two operating express carwashes to a regional operator
CARWASH
BUYER REPRESENTATION
- Represented buyer in the purchase of an operating express carwash
- Successfully bridged valuation gap by acquiring the business and improvements while the Seller retained the underlying land on a long-term ground lease to the buyer
CARWASH
BUYER REPRESENTATION
- Represented buyer in the acquisition of a vacant former gym for redevelopment into an express carwash
- Successfully negotiated price discount following breach of seller representation
The Trusted Partner Every Operator Needs By Their Side
By holistically evaluating loan requests, we build tailored finance solutions that don’t just meet current needs but which position our clients for continued growth. We’re able to arrange a variety of loan structures depending on business needs including conventional commercial, SBA 7(a), SBA 504, USDA B&I, and bridge loans. Closing the deal with all the moving parts can feel as frustrating as hitting the bullseye on a moving target, we’re here to help.