Auto dealership franchise

Loan Purposes:

• Real estate financing
• Furniture, Fixtures and Equipment financing
• Lease up construction to permanent financing

Terms:

• Up to 7 years on Business Value loan
• Up to 25 years on Real Estate loan

Benefits:

• Unrivaled access to capital
• Consistency to deliver on financing commitments
• Streamlined loan application and closing process

Guarantees:

• All owners with 10% or greater ownership percentage will be required to personally guarantee debt.

Interest rate:

• Variable rates based on 90-day (three month) LIBOR with fixed rates based on a spread over comparable U.S. Treasuries. Both options are available on either Real Estate or Business Value loans. Rates and payments are set at closing or bid date. Yield maintenance will be required for fixed rate products early termination.

Requirements:

• 5 years industry experience by majority owner or a minority partner with applicable experience that will manage day-to-day operations.
• Ability to be approved by an acceptable floorplan lender.