BridgeCore Capital Provides $600,000 Financing for Vacant Hardee's in Springfield

BridgeCore Capital, Inc. announced the closing of a $600,000 cash-out financing for a vacant Hardee's restaurant property located in Springfield, Illinois. The financing was structured to allow the borrower to recapitalize the property and obtain necessary funds for acquiring a hospital facility prior to year-end. The transaction's urgency required BridgeCore to complete underwriting, due diligence, and secure signed loan documents within seven business days of term sheet execution.

The company coordinated with multiple parties including the mortgage advisory team, the borrower, and the title company to ensure the transaction closed within the required timeframe. This coordination enabled the borrower to proceed with securing its hospital acquisition. BridgeCore utilized its comprehensive resources and experience to address the critical timing challenge while providing competitive loan terms for the vacant retail building.

BridgeCore is nationally recognized for its expertise in financing vacant retail properties, having established a proven track record in this specialized lending area. The company's ability to execute this transaction within such a compressed timeframe demonstrates its capacity to handle time-sensitive commercial real estate financing needs. For more information about BridgeCore's lending programs, visit https://www.bridgecorecapital.com.

The financing represents a significant transaction in the commercial real estate lending market, particularly for vacant retail properties that often present unique challenges. BridgeCore's successful execution of this deal within seven business days highlights the company's operational efficiency and ability to meet borrower needs under tight deadlines. The transaction's structure as a cash-out refinancing allowed the property owner to access equity while maintaining ownership of the asset.

This financing arrangement demonstrates how specialized lenders like BridgeCore can provide solutions for property owners facing time-sensitive capital needs. The company's focus on vacant retail properties positions it to address specific market segments where traditional lenders may be less active. The successful closing of this transaction reinforces BridgeCore's reputation in the commercial real estate financing industry and its ability to deliver results under challenging circumstances.