BridgeCore Capital, Inc. has closed a $1,400,000 acquisition financing of a McDonald’s property in Saraland, Alabama, the company announced today. The deal highlights the lender's ability to provide speed and flexibility in commercial real estate transactions.
The borrower secured the property at a below-market price because the seller needed to quickly redeploy sale proceeds into an imminent acquisition. The borrower’s business plan was to complete the acquisition and then sell the property to another buyer at a higher valuation after the certificate of occupancy was issued.
Given the equity in the transaction, the borrower’s need for certainty and speed, and the anticipated short-term hold period, BridgeCore structured a loan representing 92% of the purchase price with a minimum interest period of only three months. The company closed the transaction within 15 business days to meet the borrower’s expedited timeline.
BridgeCore worked closely with the mortgage advisory team, the sponsor, and the title company to coordinate an efficient closing process. By leveraging its extensive experience and flexible capital base, BridgeCore solved a critical timing challenge while delivering competitive financing terms.
This transaction underscores BridgeCore’s expertise in financing income-producing and value-add retail properties across the United States. The company provides 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 pre-pay, interest-only, non-recourse, and floating-rate financing with one- to three-year terms for loan sizes ranging from $15 million to $50 million and above.
For more information, visit www.bridgecorecapital.com.
