Gilchrist Chevrolet of Port Orchard
Overview
| Deal Type |
Financial Services Commercial Lending |
|---|---|
| Details |
Floorplan Line of Credit |
| Client & Transactional Partners |
Gilchrist Chevrolet of Port Orchard |
| Our Role |
Sole Lender |
Summary
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.
