Purchase of self-serve car wash and refurb.
Through a tax-free exchange buyer used the gain from a car wash sale as down payment.
Purchase price:  $237,000     Deferred maintenance, improvements, new equipment:  $82,000
Application, loan, and closing costs:  $14,000    Total Project Cost:  $333,000
Down payment:  $162,000 (49%) by choice with tax-free exchange proceeds
Loan:  $171,000 (51%)    Term: 25-year full-payout amortization
Life insurance:  yes, decreasing term    Additional collateral:  none

Construction of a combination self-serve/automatic car wash.
Land: $ 120,850    Building: $ 335,800 (incl. 10% contingency)    Equipment: $ 312,350, incl. pole sign.
Soft costs including construction interest and working capital: $ 67,000
Total Project Cost: $ 836,000    Down payment: $ 166,000 (20%)
Loan: $ 670,000 (80%)    Term: 4 months interest-only, then 20 years fully-amortizing
Life insurance: yes, decreasing term    Additional collateral: none

Purchase of existing self-serve car wash.
Purchase price: $ 200,000    All soft costs and working capital: $ 15,750
Total Project Cost: $ 215,750    Down payment: $ 33,259 (15%)
Loan: $ 182,500 (85%)    Term: 3 months interest-only, then 20 years full-amortization
Life insurance: yes, decreasing term    Additional collateral: none

Construction of a combination self-serve/automatic car wash.
Land:  $127,000    Building:  $322,250 (incl. 10% contingency)    Equipment:  $515,200
Soft costs, including construction interest and working capital:  $121,191
Total Project Cost: $1,085,500    Cash down payment: $182,500 (17%)
Loan:  $903,000 (83%)    Term:  6 months interest-only, then 20 years fully-amortizing
The land had been owned for awhile and had an appraised value greater than $127,000.
Life insurance:  yes, decreasing term    Additional collateral:  second lien on residence

Refinance of existing full-serve conveyor car wash.
Refinance of existing loans with balloon payments and relatively high rates.  Collateral
is land, buildings, equipment and all other business assets.
Refinance existing debt:  $1,138,000    Soft costs:  $49,500
Total Business Assets (Total Capital Need):  $1,700,000+
Loan:  $1,187,500 (70%)    Term:  25 years fully-amortizing
Life insurance:  yes, decreasing term    Additional collateral:  none

Purchase of existing self-serve car wash.
Purchase price: $ 475,000    All soft costs and working capital: $ 27,000
Total Project Cost: $ 502,000    Down payment: $ 77,000 (15%)
Loan: $ 425,000 (85%)    Term: 3 months interest-only, then 20 years full-amortization
Life insurance: yes, decreasing term    Additional collateral: none

Purchase of self-serve car wash, refurbishment, and addition of automatic.
Purchase price, renovation expenses, new automatic equipment: $ 339,150
All soft costs, including construction interest and working capital: $ 42,600
Total Project Cost: $ 371,750     Down payment: $ 55,750 (15%)
Loan: $ 316,000 (85%)    Term: 3 months interest-only construction period, then 20 years full-amortization
Life insurance: yes, decreasing term    Additional collateral: none

Construction of a multiple-bay standalone automatic car wash.
Land value (already owned); Building, including plans, permitting, and 8% contingency; and
Equipment, incl. 8% contingency:  Total Hard Costs:  $698,800    Soft costs, incl. construction interest and
working capital:  $50,700.    Total Project Cost:  $749,500    Down payment:  $149,000 (20%)
Loan:  $575,000 (80%)    Term: 6-months interest-only, then 19 years full-amortization repayment
Life insurance: yes, existing policy    Additional collateral: none

Purchase of an existing self-serve car wash.
Purchase Price:  $250,000    Soft costs, including working capital:  $18,500
Total Project Cost:  $268,500    Down payment:  $68,500 (26%, which was high by borrower choice)
Loan:  $200,000 (74%)    Term:  25 years fully-amortizing
Life insurance:  yes, decreasing term Additional collateral: none

Construction of a multiple-bay standalone automatic car wash.
Land; Building, including plans, permitting, and 10% contingency; and
Equipment, incl. 5% contingency:  Total Hard Costs:  $540,000    Soft costs, incl. construction interest and
working capital:  $45,500.    Total Project Cost:  $595,000    Down payment:  $120,000 (20%)
Loan:  $475,000 (80%)    Term:  6-months interest-only, then 20 years full-amortization repayment
Life insurance:  yes, decreasing term    Additional collateral:  none

Construction of a combination self-serve/automatic car wash.
Land:  $80,500    Building:  $315,750 (incl. 10% contingency)    Equipment:  $212,000, incl. $10,000 for pole sign.
Soft costs including construction interest and working capital:  $56,750
Total Project Cost:  $ 665,000    Down payment:  $155,000 (23%, slightly high by borrower choice)
Loan:  $510,000 (77%)    Term:  6 months interest-only, then 20 years fully-amortizing
Life insurance:  yes, existing policy    Additional collateral: none

Construction of a new self-serve car wash in a small town.
Land:  $32,000    Building:  $75,000 (incl. 10% contingency)    Equipment:  $47,000 (incl. 10% contingency)
Soft costs including construction interest and working capital:  $22,500
Total Project Cost:  $176,500    Down payment:  $26,500 (15%)
Loan:  $150,000 (85%)    Term:  4 months interest-only, then 22 years fully-amortizing
Life insurance:  yes, decreasing term    Additional collateral: none

Purchase by a car wash partner of the ownership interest of the other partner. Complex transaction.
We arranged this loan so that the minority shareholder's equity in his existing car wash ownership position
allowed him to acquire the other owner's share without any cash investment.
Purchase price:  N/A (derived to make transaction work)     Soft costs incl. working capital (cash):  N/A
Total project cost:  N/A    Down payment in cash:  none (0%)
Contribution of derived/appraised equity of minority owner (buyer):  23%
Loan: $1,000,000+    Term:  22 years, fully-amortizing
Life insurance:  yes, decreasing term    Additional collateral:  none

Purchase of existing self-serve car wash.
Purchase price:  $125,000    Soft costs including working capital (cash):  $14,000
Total Project Cost:  $139,000    Down payment in cash:  $27,500 (20%)
Loan:  $111,500 (80%)     Term:  15 years, fully amortizing
Life insurance:  yes, decreasing term     Additional collateral:  none

Purchase of existing self-serve car wash.
Purchase price:  $224,000     Pay off debt on one car wash already owned:  $36,000
Soft costs including working capital (cash):  $25,000    Total Funds Required (Total Capital Requirement):  $285,000
Cash down payment:  none (0%)    Loan:  $285,000    Term:  15 years, fully-amortizing
Life insurance:  yes, existing policy    Additional collateral:  1st lien on a SS car wash already owned

Construction of a new self-serve car wash.
Land:  $70,000    Building:  $ 155,250 (incl. 5% contingency)    Equipment:  $ 80,750 (incl. 5 % contingency)
Soft costs including construction interest and working capital:  $28,000
Total Project Cost:  $334,000    Down payment:  $83,000 ( 25%)
Loan:  $251,000 ( 75%)    Term:  5 months interest-only, then 15 years fully-amortizing
Life insurance:  yes, decreasing term    Additional collateral:  none

Purchase of self-serve car wash.
Purchase price:  $200,000    New fence, lighting, cleaning, painting, deferred maintenance:  $11,000
Application, loan, and closing costs:  $ 10,000    Total Project Cost:  $221,000    Down payment:  $46,500 (21%)
Loan:  $175,000 (79%)    Term:  10 years, fully amortizing
Life insurance:  yes, existing policy    Additional collateral:  none

Purchase of self-serve car wash and refurb.
Purchase price:  $70,000    Deferred maintenance and improvements:  $9,500
Application, loan, and closing costs:  $ 2,520    Total Project Cost:  $82,020    Down payment:  $20,460 (25%)
Loan:  $61,560 (75%)    Term: 10-year amortization, 5-year maturity
Life insurance:  yes, existing policy    Additional collateral:  none

Purchase of self-serve car wash and refurb.
Purchase price:  $70,000    Deferred maintenance and improvements:  $9,500
Application, loan, and closing costs:  $ 2,520    Total Project Cost:  $82,020    Down payment:  $20,460 (25%)
Loan:  $61,560 (75%)    Term: 10-year amortization, 5-year maturity
Life insurance:  yes, existing policy    Additional collateral:  none

Construction of a new self-serve car wash.
Land:  $55,000    Building and equipment (turnkey):  $164,000 (including 10% contingency)
Soft costs including construction interest and working capital:  $24,700
Total Project Cost:  $243,700    Cash down payment:  $34,700 ( 14%)
Loan:  $209,000 ( 86%)   Term: 6-month interest-only, then 15 years fully amortizing
Life insurance: yes, decreasing term    Additional collateral: 2nd lien on a SS car wash already owned

Purchase of self-serve car wash.
Purchase price:  $140,000    Renovation expenses and new equipment:  $25,450
Soft costs including working capital:  $12,950    Total Project Cost:  $188,500    Cash down payment:  $30,000 (16%)
Loan:  $155,500 (84%)    Term:  15 years, fully amortizing
Life insurance:  yes, existing policy    Additional collateral:  2nd lien on a SS car wash already owned
 

Other Relevant Loans:

Construction of new self-storage development.
Building and soft costs:  $1,240,000.    Down Payment:  Land already owned.  (30%+)
Loan $1,240,000.    Term:  6 months interest-only construction period, then 20 years full amortization.
Life insurance:  yes, decreasing term    Additional collateral:  none.

Construction of new building for well-known independent local restaurant
Land:  $100,000    Building and equipment (turnkey):  $ (including 10% contingency)
Soft costs including construction interest and working capital:  $24,700
Total Project Cost:  $243,700    Cash down payment:  $34,700 ( 14%)
Loan:  $209,000 ( 86%)   Term: 6-month interest-only, then 15 years fully amortizing
Life insurance: yes, decreasing term    Additional collateral:  none

Purchase of existing c-store with retail fuel. Existing multiple-unit c-store owner.
Purchase price:  $535,000, including $35,000 of inventory    Soft costs including working capital:  $56,500
Total project cost:  $591,500    Down payment:  $119,000 ( 20% )
Loan:  $473,500 ( 80%)    Term:  20 years full amortization
Life insurance:  yes, decreasing term    Additional collateral:  none

Refinance photo processing lab. Complex transaction.
Refinance of 14 loans owed by three related business entities.  Collateral is land, buildings, and
all other business assets.
Refinance existing debt:  $603,000    Purchase and install new equipment:  $60,000
Soft costs including inventory and other working capital:  $87,000
Total Business Assets (Total Capital Need):  $846,500
Loan:  $750,000 (89%)    Term:  20 years fully-amortizing
Life insurance:  yes, decreasing term    Additional collateral: none

Purchase of retail furniture store by the manager. Complex transaction.
Purchase price of land, building, and ff&e:  $365,000    Purchase price of retail inventory:  $270,000
Soft costs including working capital:  $62,000    Total Project Cost: $697,000
Down payment:  $65,000 ( 10% ), including gift from seller Second lien loan from seller:  $142,000 ( 20% )
Inventory line of credit from finance company:  $125,000 ( 18% )
Loan:  $365,000 ( 52 % )    Term: 20 years fully-amortizing
Life insurance:  yes, decreasing term    Additional collateral: none