BridgeCore Capital, Inc. has closed a $1,400,000 acquisition financing of a McDonald’s property in Saraland, Alabama, the company announced today. The loan, representing 92% of the purchase price, was structured to meet the borrower’s need for speed and certainty of execution, with only three months minimum interest required.
The borrower secured 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 was to complete the purchase and subsequently sell the property to another buyer at a higher valuation after obtaining a certificate of occupancy. Given the equity in the transaction and the anticipated short-term hold period, BridgeCore tailored a loan that closed within 15 business days.
BridgeCore worked closely with the borrower’s 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, the company was able to solve a critical timing challenge while offering competitive financing terms.
This transaction highlights BridgeCore’s expertise in financing income-producing and value-add retail properties across the United States. The company provides bridge loans on commercial and non-owner occupied residential real estate, including senior, junior, and mezzanine debt, as well as preferred equity. Its “Bridge Loan Program” offers flexible prepayment, interest-only, non-recourse, and floating-rate financing with one- to three-year terms for loans ranging from $15 million to $50 million or more.
The ability to close quickly and finance properties at high loan-to-value ratios is crucial for investors seeking to capitalize on time-sensitive opportunities. For more information about BridgeCore Capital, visit www.bridgecorecapital.com.
This news story relied on content distributed by NewMediaWire. Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is BridgeCore Capital Provides $1.4M Acquisition Financing for McDonald’s Property in Alabama.