BridgeCore Capital, Inc. has closed a $1,400,000 acquisition financing of a McDonald's property in Saraland, Alabama, the company announced today. The loan enabled the borrower to purchase the property at a price below fair market value, as the seller needed to quickly redeploy proceeds into an imminent acquisition. The borrower's strategy was to complete the acquisition and then sell the property at a higher valuation after receiving the certificate of occupancy.
Given the borrower's need for certainty and speed, BridgeCore structured a loan representing 92% of the purchase price with only three months minimum interest. The transaction closed within 15 business days, meeting the borrower's expedited timeline. The financing highlights BridgeCore's ability to leverage its in-house capabilities and flexible capital base to solve critical timing challenges while delivering competitive terms.
BridgeCore worked closely with the borrower's mortgage advisory team, the sponsor, and the title company to coordinate an efficient closing process. The company is recognized for its expertise in financing income-producing and value-add retail properties across the United States. For more information about BridgeCore's bridge loan program, visit www.bridgecorecapital.com.
This transaction demonstrates BridgeCore's commitment to providing flexible financing solutions for commercial real estate investors. The company offers 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 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 or more.
