BridgeCore Capital, Inc. has closed a $1,500,000 acquisition financing transaction for a Grease Monkey automotive service property located in Auburndale, Florida. The financing was structured as a sale-leaseback arrangement for the car-wash and oil service facility, addressing an urgent need created by unexpected delays in the borrower's bank financing.
The borrower faced a critical deadline requiring completion of the acquisition by the end of 2025 to secure necessary tax benefits. BridgeCore Capital met this challenge by providing financing at 70% of the purchase price, matching the leverage originally offered by the bank. The company's ability to underwrite, complete due diligence, and fund the entire transaction within seven business days from term sheet signing proved essential to meeting the borrower's timeline requirements.
BridgeCore coordinated closely with the broker team, borrower, and title company to facilitate the rapid closing. This transaction demonstrates BridgeCore's capacity to address urgent financing needs in commercial real estate transactions where timing constraints create significant challenges for borrowers. The company leveraged its comprehensive resources and experience to provide competitive loan terms while solving a critical timing issue that threatened the borrower's acquisition plans.
BridgeCore Capital specializes in bridge loans for commercial and non-owner occupied residential real estate throughout the United States. The company offers various financing structures including senior, junior and mezzanine debt, along with preferred equity arrangements. Borrowers nationwide can access BridgeCore's Bridge Loan Program, which provides flexible financing options with one-to three-year terms for loan sizes ranging from $15 million to over $50 million.
The Florida transaction highlights the growing importance of alternative lenders in commercial real estate financing, particularly when traditional banking institutions face processing delays or regulatory constraints. For automotive service businesses like Grease Monkey, timely acquisition financing can mean the difference between securing valuable tax advantages and missing critical financial opportunities. This transaction also demonstrates how specialized lenders can provide tailored solutions that address specific borrower needs, including non-recourse financing and interest-only payment structures that may not be readily available through conventional lending channels.
The successful completion of this financing arrangement suggests continued demand for flexible commercial real estate lending solutions, particularly in the automotive service sector where property acquisitions often involve complex timing considerations. As businesses navigate changing economic conditions and regulatory environments, the ability to secure timely financing with competitive terms becomes increasingly valuable for maintaining growth trajectories and capitalizing on strategic opportunities in competitive markets.
