The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 25, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
BridgeCore Capital Introduces New Bridge Loan Program for Vacant 99 Cents Only Stores


BridgeCore Capital Inc has launched a new bridge loan program to finance vacant 99 Cents Only Stores across the U.S. With the recent news that 99 Cents Only Stores is closing all of its 371 retail outlets, BridgeCore has expanded its lending platform to provide bridge financing for locations that this retailer closes or vacates.

BridgeCore’s new loan program provides investors with a platform to quickly execute on the acquisition financing of these value-add assets nationwide, with bridge loans ranging in size from $500k to $3 mil, and with prepayment flexibility to later refinance with long-term financing.

This loan product is interest-only, non-recourse on a case-by-case basis with fixed-rate pricing starting at 10.50%.

“Our new loan program addresses another development in the current ’bridge-to-normal’ environment,” said Elliot Shirwo, BridgeCore’s founder and principal. “Borrowers are seeking such bridge loans as a relief on debt service, given liquidity challenges and the underlying assets’ lack of income. Additionally, borrowers need a ‘bridge-to-normal’ at a time when distressed real estate opportunities are surfacing due to the market’s recovery from COVID and the economic transition through the inflationary and uncertain interest rate, cap rate and political environment.”

Return to the Archive page

Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media