{"id":6161,"date":"2022-02-17T18:56:33","date_gmt":"2022-02-17T18:56:33","guid":{"rendered":"https:\/\/libertysbf.alliancetek.net\/?p=6161"},"modified":"2022-02-17T18:56:49","modified_gmt":"2022-02-17T18:56:49","slug":"just-closed-3m-sba504-retail","status":"publish","type":"post","link":"https:\/\/libertysbf.alliancetek.net\/index.php\/just-closed-3m-sba504-retail\/","title":{"rendered":"Just Closed: $2.8M SBA 504 Retail Acquisition"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/libertysbf.alliancetek.net\/wp-content\/uploads\/2022\/02\/1813_web-1024x512.jpg\" alt=\"\" class=\"wp-image-6163\" srcset=\"https:\/\/libertysbf.alliancetek.net\/wp-content\/uploads\/2022\/02\/1813_web-1024x512.jpg 1024w, https:\/\/libertysbf.alliancetek.net\/wp-content\/uploads\/2022\/02\/1813_web-300x150.jpg 300w, https:\/\/libertysbf.alliancetek.net\/wp-content\/uploads\/2022\/02\/1813_web-768x384.jpg 768w, https:\/\/libertysbf.alliancetek.net\/wp-content\/uploads\/2022\/02\/1813_web.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Liberty SBF closed a $2.8 million SBA 504 loan for the acquisition of a gas station and convenience store in late January 2022. The borrowers received 85% LTC for the 6,674 square foot property, located in High Point, NC.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The two borrowers were under contract to purchase the gas station for $3.2 million and required financing to complete the investment. The partners already own and operate an existing convenience store brand with four locations across New Jersey and North Carolina. They also have a partnership with a major oil company that will provide the gas for the station.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Our underwriting team structured the deal and valuation with the borrowers\u2019 four existing entities as corporate guarantors. This acquisition will expand the company to five total locations.\u00a0<\/p>\n\n\n\n<hr class=\"wp-block-separator is-style-default\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Interested in applying for a commercial real estate loan with Liberty SBF? Click below to learn more about our secure online application process.<\/em><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/portal.libertysbf.com\/?utm_source=direct&amp;utm_medium=justclosed&amp;utm_campaign=Borrower_MultiPurpose&amp;utm_content=sba504\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/libertysbf.alliancetek.net\/wp-content\/uploads\/2022\/02\/Apply-Now-Button.png\" alt=\"\" class=\"wp-image-6128\" width=\"188\" height=\"54\" srcset=\"https:\/\/libertysbf.alliancetek.net\/wp-content\/uploads\/2022\/02\/Apply-Now-Button.png 348w, https:\/\/libertysbf.alliancetek.net\/wp-content\/uploads\/2022\/02\/Apply-Now-Button-300x86.png 300w\" sizes=\"auto, (max-width: 188px) 100vw, 188px\" \/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Liberty SBF closed a $2.8 million SBA 504 loan for the acquisition of a gas station and convenience store in late January 2022. The borrowers received 85% LTC for the 6,674 square foot property, located in High Point, NC.\u00a0 The two borrowers were under contract to purchase the gas station for $3.2 million and required [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[24,10],"class_list":["post-6161","post","type-post","status-publish","format-standard","hentry","category-funded-loans","tag-retail-store-loan","tag-sba-504"],"_links":{"self":[{"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/posts\/6161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/comments?post=6161"}],"version-history":[{"count":4,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/posts\/6161\/revisions"}],"predecessor-version":[{"id":6166,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/posts\/6161\/revisions\/6166"}],"wp:attachment":[{"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/media?parent=6161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/categories?post=6161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/libertysbf.alliancetek.net\/index.php\/wp-json\/wp\/v2\/tags?post=6161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}