$2.60M TIRE SHOP ACQUISITION
PROJECT INFO
$2,600,000
SBA Financing
Acquisition Loan
Fort Worth, TX
PROJECT DETAILS
A borrower who had been leasing space for their tire shop wanted to purchase the real estate they were operating from. Before coming to V3 Lending, they had spoken with several banks, but most were requiring significant down payments and higher interest rates, which made the acquisition difficult for the borrower to move forward with.
After reviewing the situation, V3 Lending was able to structure a financing solution that allowed the borrower to acquire the property with much more favorable terms:
• 100% financing through an SBA loan
• Prime + 1% interest rate
• 25 Year fully Amortizing
• Owner-occupied commercial real estate acquisition
The structure allowed the borrower to transition from tenant to owner, secure their long-term location, and preserve capital for their business operations.
