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
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.