Acquisition
$12,500,000
Orlando, FL | Gas/Service Stations

ABP Capital financed an acquisition loan of non-performing notes and judgments secured by nine gas stations located throughout the state of Florida. Working closely with a local owner/operator, ABP Capital facilitated the assignment of notes and judgments; transfer of ownership; and subsequent revitalization of the stations by timely providing $12.5MM in acquisition financing. Short term goals for the owner/operator are to get the gas stations operating in order to develop a sustainable cash flow before selling the stations.