BridgeCore Capital, Inc. has closed a $750,000 refinance of a suburban office complex in Rocklin, California, the company announced 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 plans to complete the improvements at the Rocklin property and sell it within a year.
Certainty and speed of execution were critical due to the borrower's planned exit strategy. BridgeCore successfully closed the transaction within the borrower's tight timeline, working 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 transaction highlights BridgeCore's ability to provide tailored solutions for borrowers needing expedited closings and flexible capital.
BridgeCore Capital 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. Its Bridge Loan Program 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+. More information is available at www.bridgecorecapital.com.
This transaction underscores the growing demand for bridge financing in the suburban office market, where borrowers often require quick access to capital for value-add improvements before exiting. BridgeCore's ability to close efficiently positions it as a key player in this niche.
