LuLu’s Car Wash – Acquisition

Southeast, US


Funding Purpose

Tauro Capital Advisors was engaged on an exclusive basis to source acquisition financing for a LuLu’s Car Wash in the Southeast, U.S.

Property Description

This location consists of a brand new NNN lease with LuLu’s Car Wash as the tenant.


The sponsor is a seasoned NNN developer who has developed over 150 projects and owns multiple NNN assets as well.


  • Sponsor had to close by end of year
  • Had to find a lender who could close in 3 weeks
  • Had to find a lender comfortable to fund while under construction


  • Tauro beat the sponsor’s relationship lender by 0.50% on the rate and 1 less point on origination fee
  • Tauro found a lender that was able to close in 3 weeks


  • Loan-to-Value: 70%
  • Interest Rate: 9.50%
  • Amortization: N/A
  • Term: 16 Months
  • Prepayment: N/A


Managing Director  | Capital Advisor