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BridgeCore Capital Finances $450,000 Reverse Exchange in Idaho

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BridgeCore Capital, Inc. completed a $450,000 reverse exchange loan for a residential rental property located in Hayden Lake, Idaho. The financing enabled the borrower to purchase a replacement property while navigating a complex tax-deferred exchange structure involving two relinquished properties.

Speed and execution were essential for the deal due to pressing acquisition timeline constraints. BridgeCore finalized and funded the transaction in under 14 business days, coordinating directly with a national exchange provider, the title company, and the property owner.

Investors in rental real estate often rely on bridge debt to secure replacement assets when transaction timing is tight. Completing this financing allows the borrower to maintain continuity across their rental portfolio while working toward the final asset sale.

Key points

  • BridgeCore Capital funded a $450,000 reverse exchange loan for a residential rental property in Hayden Lake, Idaho.
  • The transaction enabled the borrower to secure a replacement property ahead of an upcoming exchange deadline.
  • The financing involved two relinquished properties, one previously sold and one yet to be sold.
  • BridgeCore closed and disbursed the loan in under 14 business days.

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Questions and answers

What did BridgeCore Capital finance in Hayden Lake, Idaho?

BridgeCore Capital provided a $450,000 reverse exchange loan for a residential rental property in Hayden Lake, Idaho.

How quickly was the BridgeCore Capital financing funded?

BridgeCore Capital closed and funded the loan in under 14 business days to meet a crucial exchange deadline.

Why was a reverse exchange loan necessary for this transaction?

The financing allowed the borrower to purchase a replacement property before completing the sale of two relinquished properties.