BridgeCore Capital, Inc. has closed a $750,000 refinance of a suburban office complex in Rocklin, California, the company announced today. The transaction provided cash-out proceeds to fund capital improvements at both the Rocklin property and another office property in Tracy, CA. The borrower’s business plan includes completing the improvements at the Rocklin property and selling it within a year.
Certainty and speed of execution were critical given the borrower’s planned exit strategy. BridgeCore successfully closed the transaction within the borrower’s tight timeline. 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 solved a critical timing challenge while delivering highly competitive financing terms. The deal underscores BridgeCore’s ability to provide tailored bridge loan solutions for commercial real estate borrowers.
BridgeCore provides bridge loans on commercial and non-owner occupied residential real estate in the U.S., including origination of senior, junior and mezzanine debt, preferred equity. Additionally, borrowers can take advantage of BridgeCore’s “Bridge Loan Program,” which offers flexible pre-pay, interest only, non-recourse, and floating-rate financing with one- to three-year terms for loan sizes ranging from $15M to $50M+. More information is available at www.bridgecorecapital.com.
The original press release can be viewed on www.newmediawire.com.
