CAR WASH CONSTRUCTION
- RATE: 9%
- TERM: 36 MONTHS INTEREST ONLY
- LTC: 68%
- GUARANTY: NON-RECOURSE
MBP closed on a car wash construction loan in Compton, CA for a repeat client. MBP secured a non-recourse lender that could push leverage on the construction of a unique owner-operated business. This is the first business the sponsors will have completed and run. MBP found and closed with a capital partner who was ultimately able to get comfortable with placing the debt based on the strength of the sponsors’ balance sheet, the credibility of the general contractor, and the longstanding experience of the operational partner involved in the transaction.
MBP specializes in debt and equity placement for all asset classes. Our extensive network of unique capital sources in development and permanent financing and extensive capital markets knowledge allows us to tackle a wide variety of transactions, regardless of complexity or size, to benefit our clients.
MBP has a team of dedicated and experienced finance professionals with you at every step. We are consistently improving and expanding our capital market relationships and are committed to exceeding our client's expectations through these relationships, innovative solutions, and outstanding work ethic.
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Work with us to see what our talented team, vast network of debt and equity providers, and capital markets expertise can do for you.