PetroMAC

we have done SBA loans (both 7(a) and 504) conventional loans, hard money loans in this asset class. We have also done many ground up construction loans. It is important to know who is actively lending in any particular asset class and our methodologies identify who are doing gas stations and convenience stores now, not two, three or five years ago.

When it comes to presenting a transaction to a lender, nobody does it better than PetroMAC. Presentation is half the battle. We present our transactions to the underwriter with well written Executive Summaries and how the monies will be used in a Usage of Proceeds as well as existing cash flow of the subject property or business. It’s also imperative on the front end to present to the lender if the site has or had any unresolved environmental issues, verifiable down payment, borrower experience level and borrower credit history. It’s also imperative to find out any add backs that might not be listed in normal add backs like Depreciation, Amortization, Interest expense, etc.

The thing that differentiates us from our competitors is we KNOW the business. We can assist our clients with increasing their revenues as well as decreasing their expenses as well as assisting them to differentiate them from their competition. The C & G business (Convenience and Gas) is a pennies game. Pennies will make you and pennies will break you. We will help you find the products and services that your competitors do not offer or or do not do it well.

We typically get the more difficult transactions, such as ones with insufficient cash flow, insufficient equity into a transaction (down payment), borrower credit issues, current or unresolved environmental issues where you need the experience of someone that has dealt with these issues that knows possibly how to mitigate the potential issues.

Some bankers might not recognize if they look at a tax return and they see a 25% reduction in revenues from one year to a next, it might simply be attributed to an average drop in the cost of fuel and nothing more than that. If they are focusing on a drop in revenue and not on gross profit after cost of goods, you’re probably talking to the wrong person. Talk to someone literate in the industry.

PetroMAC is literate in environmental issues to recognize those which are serious and those which are not. You want to deal with someone that knows about Recognized Environmental Issues (RECs) and knows which are potentially serious and which are not. You need to deal with someone that has learned what individual States look for and which ones are stricter than others.

We understand how to look for deed restrictions, brand covenants and Right Of First Refusals (ROFR) in contracts so you don’t get down the road and a lender declines a loan because this might be in the agreements associated with the property or business.

It’s important to be able to convey that sometimes a borrower is better than the deal, and sometimes the deal is better than the borrower. PetroMAC recognizes both and can present the transaction to an underwriter to make sure they recognize the merits of either the deal or the borrower.

PetroMAC – We pump capital into YOUR C-store.