Queens, NY — $2,700,000 SBA Purchase

A $2,700,000 SBA purchase on a liquor store in Queens, NY.

$2,700,000

Loan Amount:

LTV %:

N/A

Queens

City:

Liquor Store — business acquisition incl. inventory (80+ year-old store; SBA, no real estate)

Property Type:

Purchase

Transaction Type:

A business owner set out to purchase a liquor store in Queens, NY for their own operations — the kind of owner-occupied deal conventional lenders tend to slow-walk.

Essencap structured the financing for $2,700,000, underwriting the owner-occupied business case rather than forcing it into a rigid box.

Owning the property gave the business a stable base to operate and grow from.

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