BridgeCore Capital, Inc. has announced the closing of a $750,000 refinance for a suburban office complex in Rocklin, California, highlighting the company's ability to deliver swift and certain execution in complex transactions. The borrower, who also owns an office property in Tracy, California, needed to refinance an existing loan while obtaining cash-out proceeds to fund capital improvements at both locations. The business plan involves completing improvements at the Rocklin property and selling it within a year.
Certainty and speed of execution were paramount given the borrower's planned exit strategy. BridgeCore successfully closed the transaction within the borrower's tight timeline, demonstrating its capacity to solve critical timing challenges. The company worked closely with the trusted mortgage advisory team, the sponsor, and the title company to coordinate an efficient closing process and ensure the transaction was completed on schedule.
By leveraging its extensive experience, in-house capabilities, and flexible capital base, BridgeCore delivered highly competitive financing terms while meeting the borrower's urgent needs. This transaction underscores BridgeCore's role as a reliable partner for real estate owners seeking bridge financing for time-sensitive projects.
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 over $50 million. For more information, visit www.bridgecorecapital.com.
The original announcement can be viewed on www.newmediawire.com.
