Progress Packages $60,000,000 in Loans for Various Exxon Franchisee Owners to Acquire Their Properties
Kathy Anderson, Founding Partner of Progress Capital, was retained by a consortium of Exxon franchisee owners to arrange financing when Exxon provided a one-time opportunity for each franchisee owner to purchase their station. The combined acquisition loans total just over $60,000,000. Progress represented over 25 owners and were able to close all the loans within a 120-day window. Anderson, arranged the financing with a series of regional banks, underwriting and packing the individual loans while also managing the environmental challenges associated with gas station land acquisition.
Progress Capital is a commercial real estate advisory company serving clients since 1990. With over $40 Billion in closed loans and $150 Million of directly funded bridge loans, we will get you to the closing table… Plain and Simple. #thatsProgress