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.

“My partners and I have worked with Elliot for many years. He serves as a leading example of reliability, trustworthiness, and capability in the private lending industry in California. He gets the deal done.”

 

-Chris Moritz, Newmark Knight Frank

  “After knowing and working with Elliot for so many years, I’ve realized how his tenacity and honesty have served him well in building an incredible following in the mortgage brokerage community. At the end of the day, I trust him.”

 

-Seth Grossman, Meridian Capital

 “Elliot is reliable and honest. If he can do something he will tell you and get it done. Just as importantly if it is not a fit he is quick to let you know that as well.”

 

-Jordan Angel, HFF

“Elliot’s personal level of service towards his clients creates not only a trusting working environment, but also a meaningful relationship for the future. He is a go-to guy for any commercial bridge loan requirement.”

 

-Ryan Parker, Walker Dunlop

“Elliot is a hand-shake reliable lender who possesses a passion for competing for top-quality loans, which he has translated into a positive-drive perseverance like no other private lender I know. He has developed long-standing industry relationships and is committed to the betterment of the commercial lending business as shown in his consistent volunteer efforts with industry associations and organizations.”

 

-Kevin Randles, CBRE

“In each of my multiple past deals, Elliot has always been a preferred lending contact: fair, intelligent, & reliable. Furthermore, with deals that need more monitoring or servicing, he can be entrusted to see the deal through the finish line.”

 

-Bradley Buzil, Marcus & Millichap

“I’ve always known Elliot to live up to his word and honor the integrity of his relationships.”

 

-Dennis Sidbury, Northmarq Capital

“BridgeCore is our company’s preferred bridge capital source. As a CRE brokerage owner, I’ve made a successful living comparing commercial lenders. And I can assure you, there’s no competition compared to BridgeCore. Besides always having flexible and competitive terms, there’s a certainty of execution working with them that you rarely find elsewhere. Having no doubt my deal is going to get done is invaluable, and their detail and professionalism that makes me look like a rockstar to my clients is the cherry on top.”

 

-Colin Dubel, HarborWest

“Elliot and his team stepped up to the plate and delivered when my client was in a bind. We had just been declined by another lender on a nuanced credit item, and my client had to close in two weeks. Elliot got right on it, and called me a few days later with good news, he could close a few days before the deadline. He is professional, timely and above all else, he is straight with you. I highly recommend the team at BridgeCore.”

 

-John Darrow, Slatt Capital

“Elliot is a true professional. The commitment and attention to detail our deals receive is unmatched. BridgeCore has become a valuable lending partner that continues to provide competitive solutions with certainty of execution for our clients.”

 

-Greg Kavoklis, Matthews Real Estate Investment Services

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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