ABOUT

BridgeCore Capital is a direct private bridge lender providing short-term loans secured by first trust deeds on commercial and non-owner occupied residential real estate nationwide. The Company’s founder and principal, Elliot Shirwo, has more than two decades of experience serving real estate, finance, legal and family office communities. BridgeCore Capital has an established network of trusted mortgage broker relationships and maintains strong strategic partnerships throughout the real estate industry.

LOAN PROGRAMS

Small-Balance Loan Program Bridge Loan Program Middle-Market Loan Program:
The Alternative to Traditional LifeCo Financing
PROPERTY STATUS Value-add (incl. vacant retail), near-stabilized, and stabilized Light value-add, near-stabilized, and stabilized Near-stabilized and stabilized
LOAN AMOUNT $500,000 to $3,000,000 $3,000,000 to $50,000,000 $20,000,000+
INTEREST RATE Fixed rate, interest only; starting at 9.99% Floating rate, interest only; starting at SOFR + 450 bps; no interest rate hedge required Fixed rate, interest only; starting at UST + 250 bps
LTV Up to 70% of as-is value for commercial; up to 65% of as-is value for residential Up to 70% of as-is value Up to 65% of as-is value (70% on select basis)
LOAN TERM Up to 18 months 1 to 3 years 3 to 5 Years
PREPAYMENT Flexible Flexible ~1/2 term minimum interest, then 1% fee and open last 3 months
LOCATIONS Nationwide: primary, secondary, and tertiary markets Nationwide: primary, secondary, and tertiary markets Nationwide: primary and secondary markets; tertiary markets on a select basis
PROPERTY TYPES Multifamily, 2-4 units, NOO SFR, vacation rentals, condos, income producing and vacant retail (incl. junior boxes, 99 Cents Only Stores, Big Lots, QSRs, and bank branches), and suburban office Multifamily, student housing, BTR, retail, industrial, self-storage (stabilized), hospitality (flagged), medical office, and select traditional office Multifamily, student housing (top 25 universities), BTR, retail (big box and grocery-anchored), industrial, and self-storage
RECOURSE Non-recourse with standard recourse carveouts in most cases for commercial; full recourse for residential Non-recourse with standard recourse carveouts; other guarantees may be required (e.g., completion and carry) Non-recourse with standard recourse carveouts
CLOSING As quick as 5 business days (no appraisal required) 3-4 weeks 4-5 weeks
Small-Balance Loan Program
PROPERTY STATUS Value-add (incl. vacant retail), near-stabilized, and stabilized
LOAN AMOUNT $500,000 to $3,000,000
INTEREST RATE Fixed rate, interest only; starting at 9.99%
LTV Up to 70% of as-is value for commercial; up to 65% of as-is value for residential
LOAN TERM Up to 18 months
PREPAYMENT Flexible
LOCATIONS Nationwide: primary, secondary, and tertiary markets
PROPERTY TYPES Multifamily, 2-4 units, NOO SFR, vacation rentals, condos, income producing and vacant retail (incl. junior boxes, 99 Cents Only Stores, Big Lots, QSRs, and bank branches), and suburban office
RECOURSE Non-recourse with standard recourse carveouts in most cases for commercial; full recourse for residential
CLOSING As quick as 5 business days (no appraisal required)
Bridge Loan Program
PROPERTY STATUS Light value-add, near-stabilized, and stabilized
LOAN AMOUNT $3,000,000 to $50,000,000
INTEREST RATE Floating rate, interest only; starting at SOFR + 450 bps; no interest rate hedge required
LTV Up to 70% of as-is value
LOAN TERM 1 to 3 years
PREPAYMENT Flexible
LOCATIONS Nationwide: primary, secondary, and tertiary markets
PROPERTY TYPES Multifamily, student housing, BTR, retail, industrial, self-storage (stabilized), hospitality (flagged), medical office, and select traditional office
RECOURSE Non-recourse with standard recourse carveouts; other guarantees may be required (e.g., completion and carry)
CLOSING 3-4 weeks
Middle-Market Loan Program:
The Alternative to Traditional LifeCo Financing
PROPERTY STATUS Near-stabilized and stabilized
LOAN AMOUNT $20,000,000+
INTEREST RATE Fixed rate, interest only; starting at UST + 250 bps
LTV Up to 65% of as-is value (70% on select basis)
LOAN TERM 3 to 5 Years
PREPAYMENT ~1/2 term minimum interest, then 1% fee and open last 3 months
LOCATIONS Nationwide: Primary and secondary markets; tertiary markets on a select basis
PROPERTY TYPES Multifamily, student housing (top 25 universities), BTR, retail (big box and grocery-anchored), industrial, and self-storage
RECOURSE Non-recourse with standard recourse carveouts
CLOSING 4-5 weeks

OUR TEAM

Elliot Shirwo
ELLIOT M. SHIRWO
FOUNDER & PRINCIPAL
Nathan Fransen
NATHAN FRANSEN
GENERAL COUNSEL
Roger Pondel
ROGER PONDEL
COMMUNICATIONS
Cory Gitt
CORY GITT
MANAGING DIRECTOR – ORIGINATIONS
Brandon Kurtz
BRANDON KURTZ
DIRECTOR

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