BridgeCore Capital, Inc. has closed a $750,000 refinance of a suburban office complex in Rocklin, California, the company announced today. The transaction involved refinancing an existing loan while providing cash-out proceeds to fund capital improvements at both the Rocklin property and another office property in Tracy, CA. The borrower plans to complete improvements at the Rocklin property and sell it within a year.
Certainty and speed of execution were critical given the borrower's planned exit strategy. BridgeCore successfully closed the transaction within the borrower's tight timeline by working closely with a 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. This transaction highlights BridgeCore's ability to provide tailored solutions for commercial real estate borrowers requiring quick and reliable funding.
BridgeCore Capital offers bridge loans on commercial and non-owner occupied residential real estate across the U.S., including senior, junior, and mezzanine debt, as well as preferred equity. Its Bridge Loan Program provides flexible prepayment, interest-only, non-recourse, and floating-rate financing with one-to three-year terms for loan sizes ranging from $15 million to $50 million and above. For more information, visit www.bridgecorecapital.com.
The original release can be viewed on www.newmediawire.com.
