BridgeCore Provides Refinancing for Two Subway Properties in Connecticut

Milford and Torrington, Conn. — BridgeCore has provided fixed-rate, bridge loans to refinance two properties occupied by Subway in Milford and Torrington. The borrowers, which were both third-party Subway franchisees, used the cash-out proceeds of the financings to settle agreements with Subway Corporate for covering lease payments during the pandemic under the Project Service program offered by the state of Connecticut.