BridgeCore Capital, Inc. has closed a $750,000 refinance of a suburban office complex in Rocklin, California, the company announced today. The transaction enabled the borrower to refinance an existing loan while obtaining cash-out proceeds to fund capital improvements at both the Rocklin property and another office property in Tracy, CA. The borrower's business plan involves completing improvements to 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, working 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. This transaction highlights the company's ability to provide tailored solutions for borrowers needing swift capital access.
BridgeCore Capital offers bridge loans on commercial and non-owner occupied residential real estate across the U.S., including origination of senior, junior and mezzanine debt, and preferred equity. Its Bridge Loan Program provides flexible pre-pay, interest-only, non-recourse, and floating-rate financing with one- to three-year terms for loan sizes ranging from $15 million to $50 million and above. For more information, visit www.bridgecorecapital.com.
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