Receive periodic email updates on BridgeCore’s loan programs, loan closings, and market developments.SUBSCRIBE
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 | 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) | 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 - $5,000,000 | $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 65% LTV | Up to 65% CLTV |
LOAN TERM | 12-24 Months (Extension Available) | 2-5 Years (Extension Available) | Up to 12 Months (Extension Available) |
MINIMUM INTEREST | Flexible | Typically 1/2 of Loan Term | Flexible |
LOCATION | Nationwide: Primary, Secondary and Tertiary 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, Industrial, Select Office | Multifamily, Industrial, Life Science, Grocery-Anchored Retail, Select Office | NOO SFR, 2-4 Units, Vacation Rentals, Condos, Income Producing and Vacant Retail, Multifamily (10 and Below Units), Suburban Office |
CLOSING | 2-3 Weeks | 4-6 Weeks | As Quick as 7 Business Days (No Appraisal Required) |
PERSONAL GUARANTY | 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 (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 M. SHIRWO
FOUNDER & PRINCIPAL
NATHAN FRANSEN
GENERAL COUNSEL
ROGER PONDEL
COMMUNICATIONS
CORY GITT
MANAGING DIRECTOR – ORIGINATIONS
DAVID DUNER
TAX & ACCOUNTING
BRANDON KURTZ
DIRECTOR
CALL US FOR A QUOTE