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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Client now owns three single-tenant Wendy’s properties located in three different states, each with 20-year lease terms instead of the 5-year term of their previous property. Additionally, the client was able to increase their cash flow.

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

Outcome:

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

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