Stabilis is pleased to announce the closing of a $6,000,000 senior secured bridge loan for the acquisition of a car wash located in Bellerose, NY.
The borrower’s credit union failed to fund and Stabilis was able to step in and close in 2 weeks to meet the seller’s 1031 Exchange deadline. The borrower has significant experience owning and operating car washes in the same area as this property. The property is extremely well-located off a high traffic street.
