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BridgeCore Capital Finances 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.

About BridgeCore Capital

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, preferred equity. Additionally, borrowers throughout the nation can take advantage of BridgeCore’s “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 $15M to $50M+.

For more information, visit www.bridgecorecapital.com.   

Company Contact:
Elliot Shirwo, BridgeCore Capital
424-285-6365, elliot@bridgecorecapital.com

Media Contact: 
Roger Pondel, PondelWilkinson Inc.
310-279-5965, rpondel@pondel.com

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