BridgeCore Capital, Inc. announced today that it has closed a $750,000 refinance of a suburban office complex in Rocklin, California. The transaction, which involved a cash-out component, was designed 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 site and then sell the property within a year.
According to the company, certainty and speed of execution were critical given the borrower’s planned exit strategy. BridgeCore successfully closed the transaction within the borrower’s tight timeline by working closely with the 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 competitive financing terms. This deal highlights the company’s ability to provide tailored financing solutions for commercial real estate owners facing time-sensitive needs.
BridgeCore Capital provides bridge loans on commercial and non-owner occupied residential real estate across the U.S., including origination of senior, junior, and mezzanine debt, as well as preferred equity. The company’s “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.
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