BridgeCore Closes $1.5M Deal in 7 Days, Saving Grease Monkey Acquisition

BridgeCore Capital, Inc. has successfully closed a $1.5 million acquisition financing deal for a Grease Monkey property in Auburndale, Florida, demonstrating its agility in the commercial real estate lending market. The transaction was a sale-leaseback of a car-wash and oil service property, necessitated by an unexpected delay in the borrower's bank financing. BridgeCore's ability to underwrite, conduct due diligence, and fund the entire deal within just seven business days from term sheet signing proved critical, as the borrower needed to complete the acquisition by the end of 2025 to secure important tax benefits. The company provided financing at 70% of the purchase price, matching the leverage initially offered by the bank, and coordinated closely with the broker team, borrower, and title company to meet the tight deadline.

The news highlights BridgeCore's comprehensive resources and experience in solving urgent timing challenges for clients. The company specializes in providing bridge loans for commercial and non-owner occupied residential real estate across the United States, including senior, junior, and mezzanine debt, as well as preferred equity. Its "Bridge Loan Program" offers flexible terms such as interest-only payments, non-recourse options, and floating-rate financing with one-to three-year terms, catering to loan sizes from $15 million to over $50 million. For more details, interested parties can visit www.bridgecorecapital.com, where additional information about BridgeCore's services is available. The announcement also includes contact information for company representative Elliot Shirwo and media contact Roger Pondel of PondelWilkinson Inc., ensuring stakeholders can easily reach out for inquiries.

This acquisition financing underscores BridgeCore's role as a reliable alternative lender in scenarios where traditional banking delays could derail important real estate transactions. By leveraging its expertise and swift processes, BridgeCore enabled the borrower to secure the Grease Monkey property without compromising on financial terms, thereby facilitating business continuity and growth. The deal serves as a testament to the company's commitment to providing competitive loan solutions that address specific client needs, particularly in time-sensitive situations. As such, BridgeCore continues to strengthen its position in the market, offering vital support to borrowers navigating complex real estate financing landscapes.