Charlotte, NC Car Wash Bridge Loan
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Yieldi recently funded a $1,750,000 bridge loan in Charlotte, North Carolina, secured by a newly constructed 0.91-acre car wash facility featuring a 3,554 SF Whistle Express Car Wash operated under a long-term lease with 18 years remaining. The property sits along the high-traffic US-74 corridor, surrounded by national retailers and over 320,000 residents within a 5-mile radius — positioning it well to benefit from Charlotte’s robust demographic growth and sustained economic momentum.
Structured as a 12-month, interest-only loan at a conservative 36.5% LTV, the financing allowed the borrower, to complete a partner buyout and consolidate ownership under the family trust. This recapitalization unlocks operational flexibility, with plans to pursue permanent refinancing or continue holding the asset for steady cash flow, leveraging the institutional-grade tenancy of Express Wash Operations, LLC — one of the fastest-growing operators in the U.S. with over 500 locations nationwide.
By partnering with Yieldi, the borrower avoided the typical 90–120 day bank timeline, securing rapid access to capital through Yieldi’s streamlined bridge lending platform. This enabled immediate execution of their strategic objectives, while maintaining strong collateral coverage and clear exit optionality via long-term financing or asset disposition in one of North Carolina’s most business-friendly foreclosure environments.
Charlotte, NC Car Wash Bridge Loan Details
Structure
- Tax Document
- 1099-INT
- Offering Structure
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BPDNx
SENIOR BPDN - PROMISSORY NOTE SECURED BY COLLATERAL SECURITY AGREEMENTTHIS PROMISSORY NOTE IS SECURED BY THE ISSUER'S PLEDGE OF THE RELEVANT UNDERLYING COLLATERAL LOAN (AS DEFINED BELOW) TO THE LENDER (AS DEFINED BELOW) UNDER THE COLLATERAL SECURITY AGREEMENT AND PROMISSORY NOTE. HOWEVER, EXCEPT TO THE LIMITED EXTENT PROVIDED IN THE PROMISSORY NOTE WITH RESPECT TO THE UNDERLYING COLLATERAL LOAN, THIS NOTE IS NON-RECOURSE TO THE ASSETS, FUNDS AND ACCOUNTS OF YIELDI, LLC (THE "BORROWER", "COMPANY" OR "ISSUER") OR ANY OF ITS AFFILIATES, EMPLOYEES, AGENTS, STOCKHOLDERS, PARENTS, OR SUBSIDIARIES EXCEPT TO THE EXTENT OF THE VALUE OF COLLATERAL LOAN NET PAYMENTS ACTUALLY RECEIVED IN RESPECT OF THE UNDERLYING BORROWER LOAN.
Example Return on Investment
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Investment Amount:
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Annual ROI:
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$0
Investment Summary Of Charlotte, NC Car Wash Bridge Loan
Investors have an opportunity to invest in borrower payment dependent notes, the cash flow of which is dependent on the payment of interest and principal repayment on the Loans. Investors are scheduled to receive an annualized monthly interest payment of Login for details over the Loans' estimated remaining term of 12 Months. Principal is expected to be returned on or before maturity through a refinancing with a traditional bank loan. It is important to note that the Loans are eligible for prepayment, and principal may be repaid prior to the 12 Months estimated remaining term. If the Loans are paid off before maturity, investors are expected to receive at least three months of interest payments in addition to return of principal.
How Do I Get Paid?
This loan had an initial term of 12 Months with an option at Yieldi's discretion to extend. As of July 11, 2025 there are 12 Months remaining. Investors will immediately receive monthly interest payments at an annualized rate of Login for details on the principal balance over the life of the loan. If you invest in this loan in the middle of a month, you will receive a prorated interest payment for your investment for your first investment month and then full monthly payments thereafter. All payments are made automatically via ACH on the 1st of each month and investors all paid by the 10th of the month.
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