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FAQ: BridgeCore Capital's $1.5M Acquisition Financing for Grease Monkey Property in Florida
TL;DR
BridgeCore Capital secured a $1.5M acquisition advantage by closing a Grease Monkey property deal in seven days, beating bank delays with 70% leverage.
BridgeCore underwrote, completed due diligence, and funded a $1.5M sale-leaseback for a Florida car-wash property within seven business days from term sheet signing.
BridgeCore's rapid financing enabled the borrower to secure tax benefits and complete a critical acquisition, supporting business continuity and economic activity in Auburndale, Florida.
BridgeCore Capital closed a $1.5M Grease Monkey property financing in just seven days, demonstrating how bridge loans can rescue time-sensitive commercial real estate deals.
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BridgeCore Capital has closed a $1,500,000 acquisition financing transaction for a Grease Monkey car-wash and oil service property in Auburndale, Florida.
The borrower needed quick financing due to an unexpected delay with their bank financing and required completion by 2025 year-end to secure needed tax benefits.
BridgeCore underwrote, completed due diligence, and funded the transaction within seven business days from the term sheet signing.
The financing was for a Grease Monkey car-wash and oil service property located in Auburndale, Florida.
BridgeCore provided acquisition financing at 70% of the purchase price, matching the leverage the bank had originally offered, through a sale-leaseback arrangement.
BridgeCore coordinated with the borrower, an exceptional broker team, and the title company to close the transaction within the needed timeframe.
BridgeCore 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.
The 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+.
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.
Visit www.bridgecorecapital.com for more information about BridgeCore Capital and their financing programs.
Curated from NewMediaWire
