BridgeCore Capital, Inc. has announced the closing of a $1,400,000 acquisition financing for a McDonald’s property in Saraland, Alabama. The transaction, which closed within 15 business days, highlights BridgeCore’s ability to provide flexible and timely capital solutions for commercial real estate investors.
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’s business plan was to complete the acquisition and subsequently sell the property to another buyer at a higher valuation following issuance of the certificate of occupancy. Given the equity in the transaction, the borrower’s need for certainty and speed of execution, and the anticipated short-term hold period, BridgeCore structured a loan representing 92% of the purchase price with only three months minimum interest. This allowed the borrower to minimize holding costs while maximizing potential returns.
BridgeCore worked closely with the trusted mortgage advisory team, the sponsor, and the title company to coordinate an efficient closing process and ensure the acquisition was completed within the required timeline. By leveraging its extensive experience, in-house capabilities, and flexible capital base, BridgeCore was able to solve a critical timing challenge while delivering highly competitive financing terms. The company is widely recognized for its expertise and proven track record in financing income-producing and value-add retail properties throughout the United States.
BridgeCore Capital, based in Beverly Hills, California, provides bridge loans on commercial and non-owner occupied residential real estate in the U.S., including origination of senior, junior and mezzanine debt, and preferred equity. Borrowers nationwide can take advantage of BridgeCore’s “Bridge Loan Program,” which offers flexible pre-pay, interest-only, non-recourse, and floating-rate financing with one-to three-year terms for loan sizes ranging from $15M to $50M+. For more information, visit www.bridgecorecapital.com.
