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TMG arranged the $2,500,000 construction to permanent loan for a car wash in AZ

Tags: car wash financing, car wash loans, commercial loans
Thursday, Dec 17, 2020
by Barb

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%

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