BridgeCore Capital, Inc. has closed a $1,400,000 acquisition financing of a McDonald’s property in Saraland, Alabama, the company announced today. The transaction underscores the lender's capacity to execute complex, time-sensitive deals for borrowers seeking to capitalize on below-market opportunities.
The borrower acquired 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 involved completing the purchase and then selling the property to another buyer at a higher valuation after obtaining the certificate of occupancy. To facilitate this strategy, BridgeCore structured a loan representing 92% of the purchase price with only three months minimum interest, closing 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. By leveraging its extensive experience, in-house capabilities, and flexible capital base, BridgeCore solved a critical timing challenge while delivering highly competitive financing terms. The company is widely recognized for its expertise in financing income-producing and value-add retail properties throughout the United States.
BridgeCore provides bridge loans on commercial and non-owner occupied residential real estate, including origination of senior, junior and mezzanine debt, and preferred equity. Its “Bridge Loan Program” offers 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+. For more information, visit www.bridgecorecapital.com.
This deal illustrates how BridgeCore Capital addresses borrowers' needs for certainty and speed in transactions where equity is significant and the hold period is short. The ability to close within 15 business days on a high-leverage loan demonstrates the company's operational agility and commitment to client success.
