BridgeCore Capital, Inc. announced it has closed a $600,000 cash-out financing of a vacant Hardee's restaurant in Springfield, Illinois. The transaction highlights the specialized financing available for vacant retail properties and demonstrates how commercial real estate lending can facilitate broader business acquisitions.
The borrower sought to recapitalize the property to obtain funds for acquiring a hospital within a short timeframe prior to year-end. Given the urgency of this financing, BridgeCore underwrote, completed due diligence, and secured signed loan documents within seven business days of the term sheet execution. This rapid processing timeline was critical to meeting the borrower's acquisition deadline.
BridgeCore coordinated closely with the mortgage advisory team, the borrower, and the title company to close the transaction within the needed timeframe to enable the borrower to secure its acquisition. The company harnessed its comprehensive resources and experience to solve a critical timing challenge and provide highly competitive loan terms on the vacant retail building. BridgeCore is nationally recognized for its expertise and proven track record in financing vacant retail properties.
This transaction matters because it illustrates how commercial bridge financing can serve as a strategic tool for businesses seeking to capitalize on time-sensitive opportunities. The ability to quickly access capital through property refinancing enabled the borrower to pursue a significant healthcare acquisition that might otherwise have been unattainable. For more information about BridgeCore's financing programs, visit https://www.bridgecorecapital.com.
BridgeCore provides bridge loans on commercial and non-owner occupied residential real estate in the U.S., including origination of senior, junior and mezzanine debt, and preferred equity. Additionally, borrowers throughout the nation can take advantage of BridgeCore's "Bridge Loan Program," which 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+.
The implications of this financing extend beyond the immediate transaction. It demonstrates how vacant commercial properties, often seen as liabilities, can be leveraged to generate capital for strategic business moves. This approach can revitalize underutilized real estate while providing businesses with alternative funding sources outside traditional bank lending. The healthcare sector acquisition facilitated by this financing also highlights how real estate transactions can support broader industry investments and economic activity.
