BridgeCore Capital, Inc. has announced the closing of a $1,400,000 acquisition financing for a McDonald's property located in Saraland, Alabama. The transaction highlights the company's capacity to deliver rapid, customized lending solutions for commercial real estate investments, particularly when timing and certainty are critical.
The borrower acquired the property at a price below fair market value, a discount driven by the seller's urgent need to redeploy proceeds into an imminent acquisition. The borrower's business plan involved completing the purchase and then selling the property to another buyer at a higher valuation after the certificate of occupancy was issued. Given the equity in the deal, the need for speed, and the anticipated short-term hold period, BridgeCore structured a loan covering 92% of the purchase price with a minimum interest period of just three months. The loan closed within 15 business days to meet the borrower's expedited timeline.
BridgeCore collaborated closely with the borrower's mortgage advisory team, the sponsor, and the title company to ensure an efficient closing process. By leveraging its in-house capabilities and flexible capital base, the firm solved a critical timing challenge while offering competitive financing terms. This transaction underscores BridgeCore's expertise in financing income-producing and value-add retail properties across the United States.
The company is recognized for its proven track record in providing 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" offers flexible prepayment options, interest-only periods, non-recourse, and floating-rate financing with one- to three-year terms for loans ranging from $15 million to $50 million and above. For more information, visit www.bridgecorecapital.com.
