Car Wash Loans in Los Angeles
With at-home water restrictions popping up all across California as a result of the drought, car wash businesses are thriving like never before. The water recycling systems that these buildings use to efficiently clean vehicles are incredibly effective, but can be costly to maintain, driving up the price of car wash properties accordingly. This means that any real estate owners or investors looking to get into this lucrative business or to grow their existing portfolio of car washes must have a reliable funding partner to provide them with high LTV car wash loans in Los Angeles. For businesses that need these loans fast and with flexible loan terms, there is no better lender than First Financial Capital.
A Fully-Funded Lending Partner
As a fully-funded, direct portfolio lender, First Financial Capital specializes in providing funding for car washes and other special purpose properties including gas stations, hotels, and a wide array of industrial buildings. These businesses are often incredibly worthy of the funding that they count on to grow, yet are frequently denied car wash loans from Los Angeles banks that do not want to take a chance on properties that only house a single business.
At First Financial Capital, in addition to not shying away from providing car wash financing in Los Angeles for special purpose properties, we provide these loans with exceptional terms that provide borrowers with the flexibility that they need to find success. Some of these terms available to those seeking car wash financing in Los Angeles include:
- High LTV – When businesses are short on liquid capital, it is often essential that, when looking for car wash financing in Los Angeles, they find a loan that can provide them with enough upfront cash to close on the property. With loans that have loan-to-value ratios as high as 80 percent, First Financial Capital provides borrowers with enough of the full appraisal value of the building so they can finalize the deal without overly disrupting their own cash flow.
- No Pre-Payment Penalties – The current profitability of car washes also means that some borrowers may find that they have all the funds they need to pay back their loan early. We welcome this, and never charge any pre-payment penalties to any of our borrowers who wish to repay the entirety of their car wash financing in West Hollywood the moment they are able.
Borrowers that have experience with real estate financing in Los Angeles know that when they need reliable funding, even in cases where relatively short term solutions are needed, First Financial Capital is the obvious choice. In addition to providing loans for car washes, we also provide a multitude of hotel, apartment building, and gas station loans in Los Angeles. Additionally, our borrowers rely on us for fast funding solutions whenever they may need bridge loans Los Angeles to get them through important times of transition. Those interested in learning more about any of these loans can call us today at (310) 694-5060. (Broker license number: CA DRE 01523939)