Lenders For Jiffy Lube & Auto Repair NNN Assets

[James Dick]

I'm seeing an uptick in clients looking to acquire or get cash-out financing for NNN auto-based businesses such as Jiffy Lube and various franchise based auto repair chain type assets. Lots of banks pass due to sensitivity to environmental issues or the specific use type nature of the building. I'm assuming that local banks could be a potential source but I have clients who are out-of-state and many banks need the borrower to be in the same general area as the asset they lend on or require a business banking relationship. Any thoughts on other sources of financing?