Sourced a $35 Million Development Credit Facility for a Rapidly Expanding Car Wash Operator in the Southeastern United States

Client Profile:

Car wash operator with eight locations, expected to expand to 15 by the end of 2024.

Strategy:

Client identified six locations where they wanted to open new car washes. Century Partners sourced several development financing options.

Outcome:

  • Client selected a family office to provide funding for the development; sites are currently under construction. 

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Sale-Leaseback of 7-Property Portfolio

Outcome:

  • Client received multiple offers and selected the group offering the best terms. This sale allowed the tenant to free up capital they then used to build more stores.

1031 Exchange from Los Angeles Apartments | Industrial to Investment-Grade Credit Net Lease

Outcome:

  • Sourced a single-tenant Autozone in affluent Newbury Park, CA on an off-market basis and successfully restructured a long-term lease extension with the tenant prior to closing.
  • Sourced a single-tenant Del Taco in Allen Park, Michigan, and closed on the transaction prior to the tenant opening for business.
  • Procured long-term fixed-rate, non-recourse debt from life insurance companies for both transactions.