BridgeCore Capital, Inc. has closed a $600,000 cash-out financing for a vacant Hardee's restaurant in Springfield, Illinois. The borrower sought to recapitalize the property to obtain funds for acquiring a hospital within a short timeframe prior to year-end. Given the urgency, BridgeCore underwrote, completed due diligence, and secured signed loan documents within seven business days of term sheet execution.
The firm coordinated closely with the mortgage advisory team, the borrower, and the title company to close the transaction within the needed timeframe, enabling the borrower to secure its acquisition. BridgeCore harnessed its comprehensive resources and experience to solve this critical timing challenge while providing highly competitive loan terms on the vacant retail building. The company is nationally recognized for its expertise in financing vacant retail properties.
For business leaders and technology professionals monitoring commercial real estate trends, this transaction highlights several important implications. First, it demonstrates how specialized lenders like BridgeCore can provide rapid capital solutions for time-sensitive business opportunities, particularly in healthcare acquisitions. Second, it shows continued investor confidence in repurposing vacant retail spaces, even in challenging market conditions. Third, the transaction underscores the importance of flexible financing structures in enabling strategic business moves.
BridgeCore provides bridge loans on commercial and non-owner occupied residential real estate throughout the U.S., including origination of senior, junior and mezzanine debt, and preferred equity. Borrowers nationwide can access the firm's Bridge Loan Program, which offers 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 or more.
The Springfield transaction represents a growing trend where commercial real estate financing serves as a catalyst for broader business expansion, particularly in the healthcare sector. As companies seek to optimize their real estate assets for strategic growth, specialized lenders who can provide both speed and favorable terms will play an increasingly important role in the business ecosystem. This development suggests that even vacant properties can serve as valuable financial instruments when paired with the right financing partner and strategic vision.
