We have experience financing purchases of car washes on leased land.
However, true or not, most lenders view loans made to purchase
car washes on leased land as having very little, if any, collateral for
At this time we will consider financing your purchase of a car wash on
leased land ONLY if you will be offering a first lien or strong second
lien collateral position in a second real estate property. This
additional real estate collateral is usually marketable commercial or
residential income property.
We will consider your personal residence for additional
collateral. The market value of the second "fee simple" property
must sustantially collateralize the loan to buy the subject car wash.
If you are a newcomer to the car wash industry, are considering
purchasing a car wash on leased land, and need financing for your
purchase but do not plan to offer or cannot offer additional real
estate collateral in addition to the car wash, please do not contact us
about financing the purchase. Your best course of action is
probably to get the seller to finance your purchase.
If you already own a car wash or multiple car washes, including
the land, we probably CAN provide you with a loan to buy a car wash on
Alan Bussey Car Wash Loans