Beverly Hills, CA — March 14, 2022 — BridgeCore Capital, Inc. today announced it has closed a $3.6 million loan on a built-to-suit 7-Eleven in Santa Ana, Calif. and a Taco Bell in Warsaw, Missouri.

The borrower required a bridge loan to finance the purchase of a to-be-built 7-Eleven, cross-collateralized with a free-and-clear Taco Bell.

Time was needed for the seller to complete the vertical construction of the 7-Eleven and obtain a certificate of occupancy before the borrower executes an exit strategy of a conventional refinance. The borrower offered a free-and-clear Taco Bell in Missouri as cross-collateral in order to manage leverage on the southern California-based 7-Eleven’s yet-to-be realized full value.

The 12-month term with six months of yield maintenance is allowing the seller of the 7-Eleven to complete its construction of the built-to-suit on behalf of the borrower, and to meet its delivery obligations to 7-Eleven.

The lender’s collaboration with the borrower’s investment sales and mortgage advisers on seller-related due diligence, plus two separate title teams to secure tie-in coverage for properties in multiple states, facilitated the consummation of this multi-faceted purchase transaction.

About BridgeCore Capital

BridgeCore provides short-term loans ranging from $1 million to $60 million on commercial real estate in prime U.S. markets, including origination of senior debt and purchase of non-performing loans secured by first trust deeds. Additionally, borrowers throughout the nation can take advantage of BridgeCore’s unique “Pay-Rate Protection” product, which reduces monthly payments to as low as 4.99% per annum (“Pay-Rate”) for the entire loan term, deferring the remaining interest until loan pay-off, without compounding interest. For more information, visit bridgecorecapital.com.

For More Information, Contact:

Elliot Shirwo
BridgeCore Capital, Inc.
310-426-8751
elliot@bridgecorecapital.com

Media, Contact:

Roger Pondel
PondelWilkinson Inc.
310-279-5965
rpondel@pondel.com