BridgeCore Capital Provides $1.5 Million Acquisition Financing for Florida Grease Monkey Property

BridgeCore Capital, Inc. announced it has closed a $1,500,000 acquisition financing of a Grease Monkey property in Auburndale, Florida. The borrower required a quick closing on the sale-leaseback of a car-wash and oil service property given an unexpected delay with the borrower's bank financing. It was critical to the borrower 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. 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. BridgeCore harnessed its comprehensive resources and experience to solve a critical timing challenge and provide highly competitive loan terms.

This transaction demonstrates BridgeCore's ability to provide flexible financing solutions when traditional bank financing falls through. The company's rapid response capability highlights the importance of alternative lenders in commercial real estate transactions where timing is critical. 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 successful completion of this transaction underscores how specialized lenders can fill critical gaps in commercial real estate financing, particularly when traditional banking channels experience unexpected delays that could jeopardize time-sensitive transactions.