Auto Dealer

KeyBank Dealer Finance recently closed on a financing package with Performance Mitsubishi located in Delray, Florida. "KeyBank made the transaction process seamless. They were on top of everything every step of the way. They were able to adjust their schedules to meet last minute closing date changes so everything finalized without an issue." - Robert Serpentini III. The package includes floorplan financing to support inventory needs and term loan financing. KeyBank offered superior terms and structure, which allowed us to grow with a valued new client. In addition to credit, KeyBank also provided a full suite of depository and other banking services to support the dealership's needs.

KeyBank Dealer Finance and the Day Family have developed a strong relationship over many years that expands over multiple generations. In May 2022, KeyBank Dealer Finance closed on a financing package with Jeremy Day and Great Falls Subaru in Great Falls, Montana. The package included floorplan inventory financing, commercial real estate lending for the acquisition of the dealership property, and a suite of banking services to support business operations moving forward. KeyBank offered strong terms and structure as well as experience and insight in navigating the buy-sell process.

KeyBank successfully closed a $8 million Floorplan Line of Credit and $1 million Term Loan for Ellensburg Chevrolet DBA Windy Chevrolet. Proceeds from the facilities will be used to support inventory and long-term financing needs. KeyBank acted as Sole Lender on the transactions.

Ellensburg Chevrolet DBA Windy Chevrolet is the latest dealership acquired by Henning Automotive Holdings. In 2011, Henning Automotive Holdings opened their first independent dealership and have since continued to expand their organization by opening two independent stores in Kennewick, WA and Moses Lake, WA and acquiring franchise dealerships Walla Walla Chevrolet and Walla Walla Nissan.

KeyBank successfully closed $47 million of Senior Secured Credit Facilities along with Treasury and Merchant Services for the all-new Seattle Jeep, Seattle Chrysler Dodge Ram, and Seattle Hyundai dealerships. Proceeds from the facilities will be utilized for vehicle inventory and commercial real estate. KeyBank acted as Sole Lender on the transactions.

Jim and Amy Walen have owned automotive dealerships in the Pacific Northwest for over 20 years, offering new Chrysler, Dodge, Ram, Jeep, Hyundai, and pre-owned vehicles. The comprehensive remodeling of their three stores is creating a modern and comfortable environment to complement their welcoming family atmosphere – and their new stand-alone Jeep dealership will be the first of its kind in Puget Sound.

KeyBank recently closed $13 million of Senior Secured Credit Facilities for Russ Hubler Ford. Proceeds from the facilities were used for floorplan financing, to acquire real estate, and to assist in the acquisition of Don Meyer Ford, newly renamed to Russ Hubler Ford as part of the Russ Hubler Automotive Group.

Russ Hubler Automotive Group's owners Russ Hubler and Howard Hubler have a combined 60+ years of automotive experience and have owned and operated multiple franchise operations. Russ Hubler represents the fourth generation in a long line of successful new car dealership operations in the Hubler family.

KeyBank successfully closed a Floorplan Line of Credit for Gilchrist Chevrolet of Port Orchard in Port Orchard, Washington. Proceeds from the facility will be used to support inventory needs. KeyBank acted as Sole Lender on the transaction.

The Gilchrist family’s automotive roots date back to 1927 when James Gilchrist opened REO Motor Car Company. Stephanie Gilchrist-Legary and her cousin Nick Gilchrist are the fourth-generation owner-operators of Gilchrist Chevrolet Buick GMC and the new owners of Gilchrist Chevrolet of Port Orchard. KeyBank and the Gilchrist family have shared a long relationship dating back to 1956. KeyBank products and services have supported the many changes that have occurred over that time span. The partnership has evolved and strengthened through working together to ensure mutual success.

KeyBank successfully closed a Term Loan, Floorplan Line of Credit, and Commercial Mortgage for BMW of Ridgefield, located in Ridgefield, Connecticut. Proceeds from the facilities will be used to support inventory needs, acquisition financing, and real estate financing. KeyBank acted as Sole Lender on the transactions.

Keeler Motor Car Company is a family owned and operated dealership which opened in the spring of 1967 and continues to serve the Greater Capital Region as a six franchise dealership group. Keeler recently partnered with Washington, D.C. based Open Road Capital to purchase BMW of Ridgefield. BMW of Ridgefield’s 50,000 square foot campus features a state-of-the-art showroom, service facility, and vehicle delivery center. This flagship center has won the coveted Center of Excellence award for outstanding customer satisfaction. Based on 15 operational criterion, BMW of Ridgefield, was selected along with 30 other stores out of the 388 retail centers in BMW’s dealer network, to receive this special recognition.

In November 2021, KeyBank Dealer Finance closed on a financing package with The BMW Store located in Cincinnati, Ohio. The package includes floorplan financing to support inventory needs and real estate financing. KeyBank offered superior terms and structure, which allowed us to grow with a valued new client. In addition to credit, KeyBank also provided a full suite of depository, treasury management and other banking services to support the dealership's needs.

For the past four decades, The BMW Store has built a community often not found at what you would consider – a car dealership. For owner C. Thomas Schwartz, it was imperative to share his enthusiasm for the BMW brand with others, benchmarked with an incomparable customer experience. That methodology continues today.

The BMW Store has grown to over 100 employees and 90,000 square feet of building on 8 acres including 2 two-story showrooms and 35 service bays.