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Closed Loan Details

Construction Funding for Gas Station

Construction Funding for Gas Station

Commonwealth Capital is pleased to announce that it recently closed a $400,000 Bridge Loan.  

  • Trucking company and gas station operator in Hackensack, NJ
  • Funds used to complete gas tank removal and installation at site
  • Secured by gas station / garage property
  • 2 years - Interest Only
  • 36% LTV

Gas stations can be difficult properties to find lenders who are willing to lend on.  The environmental risk is always of high concern but an issue we are able to underwrite and be comfortable financing.  Our loan allowed the borrower to purchase the gas tanks and additional equipment with cash which helped reduce the overall costs.  The borrower will plan to move his existing trucking business to the subject property once construction is complete. 

Location: Bergen County, NJ
Loan Size: $400,000

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“Commonwealth Capital’s team of professionals consistently utilizes and demonstrates logic, care, and compassion. They are willing to talk about virtually every adverse credit issue in order to grasp a true understanding of the cause(s) and participate in the solution(s) throughout the entire lending process.”

L.C. | Broker

“Commonwealth Capital stepped in for us when other lenders said “no”. Their response to our request was timely and flexible. We are very glad to have found them and happy to recommend them to others.”

R.R. | Legal Services

"After evaluating my financial situation back in 2011 Commonwealth Capital provided the needed funding and cash flow to help my business operate. They listened to my concerns over the past 3 years and tailor made a plan to assist my company during this time of economic uncertainty, when other banks and lending institutions did not wish to get involved.”

J.B. | Healthcare Services

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