BridgeCore Capital, Inc. announced it has closed a $1,500,000 acquisition financing of a Grease Monkey property in Auburndale, Florida. The transaction represents a critical solution for a borrower facing an unexpected delay with bank financing, highlighting the importance of alternative lending sources in commercial real estate.
The borrower required a quick closing on the sale-leaseback of a car-wash and oil service property. It was critical that the acquisition be completed by 2025 year-end due to needed tax benefits and at the same leverage as the bank had offered - 70% of the purchase price. BridgeCore underwrote, completed its due diligence, and funded the transaction within seven business days from the term sheet signing.
This rapid execution demonstrates how specialized lenders can fill gaps when traditional banking processes encounter obstacles. BridgeCore coordinated closely with the exceptional broker team, the borrower, and the title company to close the transaction within the needed time-frame and enable the borrower to secure the acquisition. The company harnessed its comprehensive resources and experience to solve a critical timing challenge and provide highly competitive loan terms.
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, and preferred equity. Borrowers throughout the nation can take advantage of BridgeCore's "Bridge Loan Program," which provides 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 more information, visit https://www.bridgecorecapital.com.
The transaction's importance extends beyond the immediate parties involved. It illustrates how alternative financing can stabilize commercial real estate transactions when traditional funding sources falter, potentially preventing deals from collapsing and preserving economic activity. For the automotive service industry specifically, reliable access to capital for property acquisitions supports business expansion and service availability in communities like Auburndale.
This type of financing solution matters to commercial real estate investors and business owners who may face similar timing challenges with institutional lenders. The ability to secure acquisition financing quickly while maintaining desired leverage ratios can mean the difference between capturing time-sensitive opportunities and missing them entirely. BridgeCore's execution in this case provides a model for how specialized lenders can respond to urgent borrower needs in competitive markets.
