BridgeCore Capital, Inc. announced it has closed a $1,400,000 acquisition financing of a McDonald’s property in Saraland, Alabama. The transaction highlights the company’s capacity to deliver rapid, customized bridge financing solutions for value-add retail properties.
The borrower secured the property at a price below fair market value because the seller needed to quickly redeploy sale proceeds into an imminent acquisition. The borrower planned to complete the acquisition and subsequently sell the property to another buyer at a higher valuation after the certificate of occupancy was issued. Given the equity in the transaction, the borrower’s need for certainty and speed, and the anticipated short-term hold period, BridgeCore structured a loan representing 92% of the purchase price with only three months minimum interest. The loan was closed within 15 business days to meet the borrower’s expedited timeline.
BridgeCore worked closely with the trusted mortgage advisory team, the sponsor, and the title company to coordinate an efficient closing process. By leveraging its extensive experience, in-house capabilities, and flexible capital base, BridgeCore solved a critical timing challenge while delivering highly competitive financing terms.
BridgeCore Capital is widely recognized for its expertise and proven track record in financing income-producing and value-add retail properties throughout the United States. The company provides bridge loans on commercial and non-owner occupied residential real estate, including senior, junior, and mezzanine debt, as well as preferred equity. Its “Bridge Loan Program” offers flexible pre-pay, interest-only, non-recourse, and floating-rate financing with one- to three-year terms for loan sizes ranging from $15 million to $50 million or more.
For more information about BridgeCore Capital, visit www.bridgecorecapital.com.
