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 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 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.
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.
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 specific $600,000 transaction illustrates how BridgeCore's approach can be scaled to meet diverse client needs, particularly when timing is essential for commercial real estate acquisitions. The successful closing highlights the importance of specialized lenders in facilitating complex transactions that traditional financing sources might not accommodate within tight deadlines.
