May 25, 2023
Deal Closed! $6 Million Towards the Acquisition of a Car Wash

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. 

Contact: Juan Robayo, 212-256-8968, juanrobayo@stabiliscap.com