NNN WhiteWater Express – Refinance

South Central, US

$3,000,000

Funding Purpose

Tauro Capital Advisors was engaged on an exclusive basis to place a loan for the refinance of a WhiteWater Express Car Wash location in the South Central U.S.

Property Description

The property is one of at least 100 locations located in a high-growth suburb.

Sponsors

The sponsor is a repeat client who will be acquiring 5+ assets over the next year.

Challenges

  • The sponsor purchased the property prior to CofO.

Solutions

  • Tauro worked with the surveyor to complete an “as-built” which allowed the lender to close prior to CofO.

Funding

  • Loan Amount (LTV): 55%
  • Interest Rate: 6.03%
  • Amortization: 30 Years
  • Term: 7 Years
  • Recourse: Non-Recourse

Senior Director  | Capital Advisor

310-966-0025

fpaparella@taurocapitaladvisors.com

Senior Director  | Capital Advisor

310-903-2806

tfesta@taurocapitaladvisors.com