BridgeCore Capital, Inc. has announced the closing of a $1,400,000 acquisition financing of a McDonald’s property in Saraland, Alabama. The transaction highlights the company's capacity to deliver expedited capital solutions for commercial real estate investors facing tight deadlines.
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 and with only three months minimum interest. BridgeCore successfully closed the transaction 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 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.
This transaction underscores the importance of specialized bridge lenders in the current real estate market, where speed and certainty of execution can be decisive factors in successful acquisitions. BridgeCore's ability to close within 15 business days and offer a short-term interest-only period provided the borrower with the flexibility needed to execute its business plan. The loan structure, at 92% of the purchase price, also reflects the significant equity in the deal and the lender's confidence in the property's value.
For more information about BridgeCore Capital and its bridge loan programs, visit www.bridgecorecapital.com. The company provides bridge loans on commercial and non-owner occupied residential real estate in the U.S., including origination of senior, junior and mezzanine debt, preferred equity. Additionally, borrowers throughout the nation can take advantage of BridgeCore's “Bridge Loan Program,” which provides 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+.
This financing is a prime example of how BridgeCore Capital addresses critical timing challenges in commercial real estate transactions, offering tailored solutions that align with investors' strategic goals.
