Calculator
Gas station property loan calculator
The property loan is secured by the station's real estate: 8% interest, a 25-year amortization and a personal guarantee, with a prepayment penalty in the first three years. Enter a loan amount up to $5,000,000 to see the monthly payment, the total interest and what an early payoff would cost.
Calculator
Your property loan payment.
Your property loan estimate
- Monthly payment
- Total of 300 payments
- Total interest
| Paid off in | Balance, start to end of year (approx.) | Penalty, start to end of year |
|---|---|---|
| Year 1 (5%) | $2,000,000 to $1,973,818 | $100,000 to $98,691 |
| Year 2 (3%) | $1,973,818 to $1,945,463 | $59,215 to $58,364 |
| Year 3 (1%) | $1,945,463 to $1,914,754 | $19,455 to $19,148 |
| Year 4 and later | — | None |
The penalty is a percent of the balance you prepay. The balance falls during the year, so paying off early in a year costs a little more than late in the year.
Estimate only. Not a loan offer or commitment. Rate, terms and approval depend on underwriting. Business-purpose commercial loans.
The terms
Property loan terms, in plain English.
What the calculator assumes
- Rate: 8%.
- Amortization: 25 years, 300 equal monthly payments.
- Personal guarantee: required.
- Loan limit: up to $5,000,000 per borrower, property and business loans combined.
- Prepayment penalty: 5% of the balance prepaid in year 1, 3% in year 2, 1% in year 3, none after.
It does not include property tax, insurance, closing costs or reserves.
The formula
Monthly payment = P × r ÷ (1 − (1 + r)−n), with r = 8% ÷ 12 and n = 300.
Example: a $1,000,000 property loan is $7,718.16 a month. Paying it off at the end of year 1 would mean a 5% penalty on about $986,909, or about $49,345.
Need working capital too? The business loan calculator prices the business loan (8%, 10 years, no prepayment penalty), and the plan-both tool splits one total between the two. Read the full gas station loan terms, or see how a refinance works.
FAQ
Property loan calculator questions.
What rate and term does the property loan use?
8% with a 25-year amortization, so 300 equal monthly payments. The calculator uses exactly those terms.
How is the monthly payment calculated?
With the standard amortization formula: payment = P × r ÷ (1 − (1 + r)−n), where P is the loan amount, r is 8% ÷ 12 and n is 300. For example, $1,000,000 comes to $7,718.16 a month.
How does the prepayment penalty work?
If you pay off or pay down the property loan early, the penalty is a percent of the balance you prepay: 5% in year 1, 3% in year 2 and 1% in year 3. From year 4 on there is no penalty. The table under the results shows the dollar amount at the end of each year.
What is the most I can borrow?
$5,000,000 per borrower, with the property loan and the business loan combined, across all your properties. The usual split is about two thirds property and one third business. Plan both loans together.
Is a personal guarantee required?
Yes. The property loan and the business loan both require a personal guarantee.
Do you lend outside California?
Yes. We are based in Los Angeles and fund gas stations, convenience stores and car washes nationwide.
Is this a loan offer?
No. It is an estimate. Rate, terms and approval depend on underwriting. These are business-purpose commercial loans.
Want a real quote on your station? Call Shawn.
Buying, refinancing or building, the first step is the same: a short call about the property, the numbers and your timeline.