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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 M. SHIRWO
FOUNDER & PRINCIPAL

NATHAN FRANSEN
GENERAL COUNSEL

ROGER PONDEL
COMMUNICATIONS

CORY GITT
MANAGING DIRECTOR – ORIGINATIONS

BRANDON KURTZ
DIRECTOR
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