ABOUT

BridgeCore Capital is a direct private bridge lender providing short-term loans secured by first and second 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 Pay Rate Loan Program Middle Market Loan Program:
The Alternative to Traditional LifeCo Financing
2nd TD Loan Program
INTEREST RATE (IO) Starting at 9.99% (Fixed) Starting at 9.99% (Floating Rate) Stabilized Assets: Starting at 7.50%; Near Stabilized Assets: Starting at 8.50% (Fixed or Floating Rate) Starting at 12.99% (Fixed)
LOAN AMOUNT $300,000 - $3,000,000+ (higher loan ceiling for retail on case-by-case basis) $3,000,000 - $9,999,999 $5,000,000 - $30,000,000+ $300,000 - $1,500,000
LTV/CLTV Up to 70% LTV for Commercial; Up to 65% LTV for Residential Up to 70% LTV Up to 65% LTV Up to 65% CLTV
LOAN TERM Up to 18 Months (Extension Available) Up to 24 Months (Extension Available) 2 - 5 Years (Extension Available) Up to 12 Months (Extension Available)
PREPAYMENT/YIELD
MAINTENANCE
Minimum of 3 Months Typically 1/2 of Loan Term Typically 1/2 of Loan Term Minimum of 3 Months
LOCATION Nationwide: Primary, Secondary and Tertiary Markets Nationwide: Primary and Secondary Markets Nationwide: Primary and Secondary Markets Nationwide: Primary, Secondary and Tertiary Markets
PROPERTY TYPES NOO SFR, 2-4 Units, Vacation Rentals, Condos, Income Producing and Vacant Retail, Multifamily (10 and Below Units), Suburban Office Multifamily, Industrial, Retail Multifamily, Industrial, Grocery-Anchored Retail, Select Office NOO SFR, 2-4 Units, Vacation Rentals, Condos, Income Producing and Vacant Retail, Multifamily (10 and Below Units), and Suburban Office
CLOSING As Quick As 7 Business Days (No Appraisal Required) 3-4 Weeks 4-6 Weeks As Quick As 7 Business Days (No Appraisal Required)
PERSONAL GUARANTY Non-Recourse with Standard Recourse Carveouts for Commercial; Full Recourse for Residential Non-Recourse with Standard Recourse Carveouts In Most Cases Non-Recourse with Standard Recourse Carveouts; Other Guarantees may be required (i.e., completion and carry) Full Recourse
Small-Balance Loan Program
INTEREST RATE (IO) Starting at 9.99% (Fixed)
LOAN AMOUNT $300,000 - $3,000,000+ (higher loan ceiling for retail on case-by-case basis)
LTV/CLTV Up to 70% LTV for Commercial; Up to 65% LTV for Residential
LOAN TERM Up to 18 Months (Extension Available)
PREPAYMENT/YIELD
MAINTENANCE
Minimum of 3 Months
LOCATION Nationwide: Primary, Secondary and Tertiary Markets
PROPERTY TYPES NOO SFR, 2-4 Units, Vacation Rentals, Condos, Income Producing and Vacant Retail, Multifamily (10 and Below Units), Suburban Office
CLOSING As Quick As 7 Business Days (No Appraisal Required)
PERSONAL GUARANTY Non-Recourse with Standard Recourse Carveouts for Commercial; Full Recourse for Residential
Pay Rate Loan Program
INTEREST RATE (IO) Starting at 9.99% (Floating Rate)
LOAN AMOUNT $3,000,000 - $9,999,999
LTV/CLTV Up to 70% LTV
LOAN TERM Up to 24 Months (Extension Available)
PREPAYMENT/YIELD
MAINTENANCE
Typically 1/2 of Loan Term
LOCATION Nationwide: Primary and Secondary Markets
PROPERTY TYPES Multifamily, Industrial, Retail
CLOSING 3-4 Weeks
PERSONAL GUARANTY Non-Recourse with Standard Recourse Carveouts In Most Cases
Middle Market Loan Program:
The Alternative to Traditional LifeCo Financing
INTEREST RATE (IO) Stabilized Assets: Starting at 7.50%; Near Stabilized Assets: Starting at 8.50% (Fixed or Floating Rate)
LOAN AMOUNT $5,000,000 - $30,000,000+
LTV/CLTV Up to 65% LTV
LOAN TERM 2 - 5 Years (Extension Available)
PREPAYMENT/YIELD
MAINTENANCE
Typically 1/2 of Loan Term
LOCATION Nationwide: Primary and Secondary Markets
PROPERTY TYPES Multifamily, Industrial, Grocery-Anchored Retail, Select Office
CLOSING 4-6 Weeks
PERSONAL GUARANTY Non-Recourse with Standard Recourse Carveouts; Other Guarantees may be required (i.e., completion and carry)
2nd TD Loan Program
INTEREST RATE (IO) Starting at 12.99% (Fixed)
LOAN AMOUNT $300,000 - $1,500,000
LTV/CLTV Up to 65% CLTV
LOAN TERM Up to 12 Months (Extension Available)
PREPAYMENT/YIELD
MAINTENANCE
Minimum of 3 Months
LOCATION Nationwide: Primary, Secondary and Tertiary Markets
PROPERTY TYPES NOO SFR, 2-4 Units, Vacation Rentals, Condos, Income Producing and Vacant Retail, Multifamily (10 and Below Units), and Suburban Office
CLOSING As Quick As 7 Business Days (No Appraisal Required)
PERSONAL GUARANTY Full Recourse

OUR TEAM

Elliot Shirwo
ELLIOT M. SHIRWO
FOUNDER & PRINCIPAL
Nathan Fransen
NATHAN FRANSEN
GENERAL COUNSEL
Roger Pondel
ROGER PONDEL
COMMUNICATIONS
Nikki Howell
NIKKI HOWELL
ASSOCIATE
David Duner
DAVID DUNER
TAX & ACCOUNTING
Brandon Kurtz
BRANDON KURTZ
DIRECTOR

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