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.

“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 Middle Market Loan Program:
The Alternative to Traditional LifeCo Financing		 2nd TD Loan Program
INTEREST RATE (IO) Starting at 9.99% (fixed or floating rate) Fixed rate; typically 300-400 bps over UST (floating over SOFR available) Starting at 12.99% (fixed)
LOAN AMOUNT $500,000 - $10,000,000 $10,000,000 - $30,000,000 $500,000 - $1,500,000
LTV/CLTV Up to 70% LTV for Commercial; Up to 65% LTV for Residential 65% of as-is appraised value and 60% of stabilized appraised value Up to 65% CLTV
LOAN TERM 12-24 months (extension available) 2 to 5 years Up to 12 months (extension available)
PREPAYMENT Flexible Flexible – minimum interest only Flexible
LOCATION Nationwide: Primary, Secondary and Tertiary markets Nationwide: Primary and Secondary markets with other markets on a select basis Nationwide: Primary, Secondary and Tertiary markets
PROPERTY TYPES NOO SFR, 2-4 Units, Vacation Rentals, Condos, Income Producing and Vacant Retail, Multifamily, Industrial, Select Office Multifamily, Industrial, Retail, Student Housing, BTR, Life Science, Medical Office, and other Select Office NOO SFR, 2-4 Units, Vacation Rentals, Condos, Income Producing and Vacant Retail, Multifamily (10 and below units), Suburban Office
CLOSING 1-4 weeks 4-5 weeks from signed application As quick as 7 business days (no appraisal required)
RECOURSE Non-recourse with standard recourse carveouts in most cases for Commercial; full recourse for Residential Non-recourse with environmental indemnity and standard recourse carveouts; other guarantees may be required (e.g. completion and carry) Full recourse
Small-Balance Loan Program
INTEREST RATE (IO) Starting at 9.99% (fixed or floating rate)
LOAN AMOUNT $500,000 - $10,000,000
LTV/CLTV Up to 70% LTV for Commercial; Up to 65% LTV for Residential
LOAN TERM 12-24 months (extension available)
PREPAYMENT Flexible
LOCATION Nationwide: Primary, Secondary and Tertiary markets
PROPERTY TYPES NOO SFR, 2-4 Units, Vacation Rentals, Condos, Income Producing and Vacant Retail, Multifamily, Industrial, Select Office
CLOSING 1-4 weeks
RECOURSE Non-recourse with standard recourse carveouts in most cases for Commercial; full recourse for Residential
Middle Market Loan Program:
The Alternative to Traditional LifeCo Financing
INTEREST RATE (IO) Fixed rate; typically 300-400 bps over UST (floating over SOFR available)
LOAN AMOUNT $10,000,000 - $30,000,000
LTV/CLTV 65% of as-is appraised value and 60% of stabilized appraised value
LOAN TERM 2 to 5 years
PREPAYMENT Flexible – minimum interest only
LOCATION Nationwide: Primary and Secondary markets with other markets on a select basis
PROPERTY TYPES Multifamily, Industrial, Retail, Student Housing, BTR, Life Science, Medical Office, and other Select Office
CLOSING 4-5 weeks from signed application
RECOURSE Non-recourse with environmental indemnity and standard recourse carveouts; other guarantees may be required (e.g. completion and carry)
2nd TD Loan Program
INTEREST RATE (IO) Starting at 12.99% (fixed)
LOAN AMOUNT $500,000 - $1,500,000
LTV/CLTV Up to 65% CLTV
LOAN TERM Up to 12 months (extension available)
PREPAYMENT Flexible
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)
RECOURSE Full recourse

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
David Duner
DAVID DUNER
TAX & ACCOUNTING
Brandon Kurtz
BRANDON KURTZ
DIRECTOR

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