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Updated about 2 years ago on . Most recent reply

Want to buy a gas station and would like hard money lending
Hello,
My friend and I would like to buy a gas station and some of the deals need cash only. I was wondering if anyone funds these deals
Thank you
Danu
Most Popular Reply

@Danushka Abeyasekera I would be weary of a gas station selling for cash only unless was a fire sale. The environmental liability is high people want to do their due diligence, and why would a seller not go for a commercial loan and take a bit more money.
Seems like a red flag on the deal to me.
If I was in your shoes and wanted to make it work would just connect with lenders and asking for referrals, also ask the seller if they have anyone who would do a ST loan to make the deal work.
Best of luck!