Summary: The Madison
Group (TMG), a leading national lending source of car wash properties, arranged
the $2,500,000 construction to permanent loan for a new Quick Quack location in
Arizona.
The Quick Quack enterprise is a long-standing customer of
The Madison Group and this loan represented another successful closing with a
new lending source. Access to debt as
part of the capital stack for Quick Quack has been essential to rapid growth in
many markets across the nation. TMG has
been a part of that effort and has arranged financing products with lending
sources in multiple growth markets for the borrower.
Location: Phoenix, AZ
Property: Limited
Service Car Wash
Loan Amount: $ 2,500,000
Interest Rate: 4.50%
Term: 10 Years
Amortization: 20 Years
Prepayment: 5,4,3,2,1
LTV: 65%