BridgeCore Capital, Inc. has closed a $1,400,000 acquisition financing of a McDonald’s property in Saraland, Alabama, the company announced today. The transaction highlights the lender’s capacity to deliver certainty and speed of execution for borrowers with time-sensitive needs.
The borrower acquired the property at a price below fair market value because the seller needed to quickly redeploy sale proceeds into an imminent acquisition. The borrower’s business plan involved completing the acquisition and subsequently selling 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 only three months minimum interest. BridgeCore successfully closed the transaction within 15 business days to meet the borrower’s expedited timeline.
BridgeCore worked closely with the trusted mortgage advisory team, the sponsor, and the title company to coordinate an efficient closing process and ensure the acquisition was completed within the required timeline.
By leveraging its extensive experience, in-house capabilities, and flexible capital base, BridgeCore was able to solve a critical timing challenge while delivering highly competitive financing terms. The company is widely recognized for its expertise and proven track record in financing income-producing and value-add retail properties throughout the United States.
For more information, visit www.bridgecorecapital.com.
