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On this episode, host Todd Perry speaks with Zane Hood from the PPM Birmingham AL office, about the process and steps required during the purchase of a multiple property portfolio of service/gas stations or convenience stores. You’ll hear about the bank’s requirements, Phase I & II REC analysis, and calculating your risk tolerance for the investment. Although you are advised to “buy the assets, not the liabilities” – if the financials work, it may be worth it to complete remediation at high-volume stores/sites.
Key Topics and Takeaways
- Risk management for your proposed purchase/site
- Your financial institution may skip directly to Phase II
- If you have a high risk tolerance, you can skip Phase I & 2
- Purchase assets, not liabilities
- Portfolio analysis of multiple-property transactions
- Are the business’ compliance records complete and available?
- If the P&L model supports remediation, it may be worth the money and effort
- Key takeaways
Resources and Links