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FAQ: BridgeCore Capital's $600,000 Financing of Vacant Hardee's in Springfield, Illinois
TL;DR
BridgeCore Capital secured a $600,000 cash-out loan in just seven days, enabling the borrower to gain a critical funding advantage for a hospital acquisition.
BridgeCore underwrote, completed due diligence, and closed the financing for a vacant Hardee's property within seven business days of term sheet execution.
This rapid financing helps facilitate the acquisition of a hospital, potentially improving healthcare access and community services in Springfield, Illinois.
BridgeCore Capital financed a vacant Hardee's restaurant to fund a hospital purchase, showcasing creative real estate solutions for urgent community needs.
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BridgeCore Capital closed a $600,000 cash-out financing for a vacant Hardee's restaurant in Springfield, Illinois, to help the borrower recapitalize the property and obtain funds for acquiring a hospital.
The borrower needed to recapitalize the property to obtain funds for acquiring a hospital within a short timeframe prior to year-end, making the financing urgent.
BridgeCore underwrote, completed due diligence, and secured signed loan documents within seven business days of the term sheet execution, coordinating closely with the mortgage advisory team, borrower, and title company to close on time.
The property is a vacant Hardee's restaurant located in Springfield, Illinois.
BridgeCore Capital provides bridge loans on commercial and non-owner occupied residential real estate in the U.S., including senior, junior, and mezzanine debt, and preferred equity, with national recognition for financing vacant retail properties.
BridgeCore's Bridge Loan Program 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+.
This financing demonstrates BridgeCore's ability to solve critical timing challenges for borrowers, providing competitive loan terms quickly, which was essential for the borrower to secure their hospital acquisition.
For company information, contact Elliot Shirwo at 424-285-6365 or elliot@bridgecorecapital.com. For media inquiries, contact Roger Pondel at 310-279-5965 or rpondel@pondel.com.
More information is available at www.bridgecorecapital.com.
Curated from NewMediaWire
