BridgeCore Capital, Inc. has closed a $750,000 refinance of a suburban office complex in Rocklin, California, as announced by the company 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's business plan is to complete the improvements to 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 financing underscores BridgeCore's ability to provide customized bridge loan solutions for commercial real estate borrowers. The company 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. Through its “Bridge Loan Program,” borrowers can access flexible pre-pay, interest-only, non-recourse, and floating-rate financing with one- to three-year terms for loan sizes from $15 million to $50 million and above.
BridgeCore Capital is headquartered in Beverly Hills, California, and continues to expand its footprint in the commercial real estate lending space. For more information, visit www.bridgecorecapital.com. The original press release can be viewed on www.newmediawire.com.
