BridgeCore Capital, Inc. has closed a $600,000 cash-out financing transaction for a vacant Hardee's restaurant property located in Springfield, Illinois. The financing was structured to allow the borrower to recapitalize the asset and obtain necessary capital for acquiring a hospital facility prior to year-end. This transaction underscores the critical role of specialized lenders in facilitating strategic moves within the commercial real estate sector, particularly when timing is a decisive factor for acquisitions and asset repositioning.
The transaction was notable for its accelerated timeline, with BridgeCore completing underwriting, due diligence, and securing signed loan documents within seven business days of term sheet execution. This rapid processing addressed the borrower's urgent need to secure acquisition funding within a constrained timeframe. BridgeCore coordinated with the mortgage advisory team, the borrower, and the title company to ensure the closing occurred as required. Such efficiency is vital in competitive markets where delays can jeopardize deal closure and capital access.
BridgeCore utilized its specialized resources and experience in vacant retail property financing to overcome critical timing challenges while providing competitive loan terms. The company is nationally recognized for its expertise in financing vacant retail properties, a sector that often presents unique underwriting considerations. For more information about BridgeCore's financing programs, visit https://www.bridgecorecapital.com. This expertise allows BridgeCore to navigate complexities that traditional lenders might avoid, offering tailored solutions that align with borrower objectives.
The company's Bridge Loan Program offers flexible financing options including interest-only payments, non-recourse structures, and floating-rate terms for one-to three-year periods, with loan sizes typically ranging from $15 million to over $50 million. This transaction demonstrates BridgeCore's capability to execute time-sensitive financings that enable clients to pursue strategic acquisitions and other time-critical opportunities in the commercial real estate market. The implications extend beyond this single deal, showcasing how agile financing can empower investors to act swiftly on opportunities, potentially reshaping local real estate landscapes and supporting economic activity through asset revitalization and development.
