Ground-up express tunnel car wash on a primary arterial corridor

Ground-up development of an express tunnel car wash at 2424 West Main Street in Alhambra, California, in the heart of a primary arterial retail corridor. The total development budget of approximately $7,480,000 is financed under the SBA 504 program through a $3,225,000 bank loan in first position, an SBA debenture, and a $1,289,000 borrower equity injection on fixed 25-year amortizations.