Experience Pay Rate Protection™

5.99% Current Interest During Entire Term | Non-Recourse | No PrePay Penalty

BridgeCore Capital is a direct private bridge lender providing short-term loans secured by first trust deeds on commercial real estate in primary markets nationwide.  For qualifying loans, BridgeCore is the leading provider of “Pay Rate Protection,” which reduces borrowers’ monthly payment by paying only 5.99% per annum (“Pay Rate”) for the entire loan term and defers the remaining interest until loan pay-off.

Please note: we do NOT offer loans for land or ground-up construction.

Property Geographic Area Details
Major metropolitan areas nationwide
Loan Amounts
$500,000 to $10,000,000
Interest Rates
6.99% to 9.99%
Loan Terms
6 months to 18 months
Origination Fees
1% to 2%
Lien Position
1st
Collateral Types
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
Property Occupancy
  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Maximum Leverage

Purchase Short-Term (no Value-Add):
Max LTP Residential: 70%
Max LTP Multifamily: 70%
Max LTP Commercial: 70%
Refinance Short-Term (no Cash Out)
Max LTV 1st Lien Residential: 70%
Max LTV 1st Lien Multifamily: 70%
Max LTV 1st Lien Commercial: 70%
Refinance & Cash Out Short-Term
Max LTV 1st Lien Residential: 70%
Max LTV 1st Lien Multifamily: 70%
Max LTV 1st Lien Commercial: 70%

BridgeCore’s Industry Leading Pay-Rate Bridge Loan Program

  • ACCRUAL RATE: Non-Compounding
  • INTEREST RATE: Starting at 6.99%
  • PAY-RATE: Starting at 5.99%
  • LOAN AMOUNT: $500,000 – $10+ million
  • LTV: Up to 70%
  • LOAN TERM: Up to 18 months, extension available
  • LOCATION: Nationwide
  • PROPERTY TYPES: Multifamily, Industrial, Retail, Office, Mixed Use, NOO SFR
  • CLOSING: 2-3 weeks
  • PERSONAL GUARANTY: Non-Recourse in Most Cases

Small-Balance Retail Loan Program

  • INTEREST RATE: Starting at 7.49% (Fixed)
  • LOAN AMOUNT: $500,000 – $7.5+ million
  • LTV: Up to 70%, with no appraisal report required
  • LOAN TERM: Up to 18 months, extension available
  • LOCATION: Nationwide: primary, secondary and tertiary markets
  • PREFERRED TENANCY / PROPERTIES: Grocery, Pharmacy, Farm Supply, Dollar Store, Auto Parts; Single Tenant NNN Retail; and Value-Add Retail Properties, such as Second Generation Vacant Centers and Stand-Alone Buildings in Main Retail Nodes in Subject Markets
  • LEASE PARAMETERS: Minimal rollover during loan term; replaceable rent on anchor tenants
  • CLOSING: As quick as 4 business days
  • PERSONAL GUARANTY: Non-Recourse in Most Cases

Property Types

  • 2-4 Units Residential
  • Industrial
  • Mixed-Use
  • Multifamily
  • Office
  • Portfolio of Commercial Properties
  • Retail
  • Single Family Residence
  • Storage Facility
  • Student Housing

Loan Types

  • Commercial Bridge

Specialty Loan Types

  • Bankruptcy Resolution
  • Discounted Note Payoff
  • Foreclosure Bailout
  • Partner Buyout

Max Loan-to-Purchase Price

70%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Equity in Another Investment Property

Processing Fee

$1,000 non-refundable. To be paid at the time of LOI signing.

Legal Fee

$1,000 non-refundable legal fee for pay rate loans; $2,500 non-refundable legal fee for second trust deed/mezzanine loans. To be paid at the time of LOI signing.

Settlement Fee

Paid at closing in escrow.

Escrow Fee

Paid at closing in escrow.

Title Fee

Paid at closing in escrow.

Credit Report Fee

To be paid at the time of LOI signing.

Background Check Fee

To be paid at the time of LOI signing.

Background Check Fee

To be paid at the time of LOI signing.

Extension Fee

If an extension is requested, Bridgecore charges a 1% extension fee for a period of 6 months. Shorter extension periods are available at lower fee amounts.

Environmental Report Fee

Only required if property is industrial or has known or suspected environmental issues.

Fees which are mandatory for all new borrower clients

  • Underwriting Fee
  • Legal Fee
  • Settlement Fee
  • Escrow Fee
  • Title Fee
  • Credit Report Fee
  • Extension Fee

Fees which are paid to a third party company

  • Legal Fee
  • Settlement Fee
  • Escrow Fee
  • Title Fee
  • Environmental Report Fee

Details and Requirements

Typical Closing Time (Days)

14

Fastest Closing Time (Days)

7

Payment Structure
  • Interest Only
  • Payment Rate
Payment Structure Details

BridgeCore's pay rate loans are available for qualifying loan requests.

Payment Rate

4.99% to 4.99%

Pay Rate reduces borrowers’ monthly payment by paying only 4.99% per annum (“Pay Rate”) for the entire loan term and defers the remaining interest until loan pay-off.
Pre Payment Penalty

no

Will lend to a foreign national

yes

Foreign national must have a U.S. bank account, a U.S. Tax ID No, and pass a OFAC background check.
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
Documentation Required
  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
Most deals are non-recourse
Credit Check Required

yes

Credit Check Description

We only check credit to evaluate your background in general. Personal guaranty and yield maintenance may be required for second trust deeds/mezzanine loans.

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

BridgeCore Capital Testimonials

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Founded in 2018, BridgeCore Capital is a direct lender providing short-term bridge loans secured by first and second trust deeds on commercial and non-owner-occupied residential real estate in prime markets throughout the United States.  BridgeCore is the home of “Pay Rate Protection,” which reduces borrowers’   monthly payment by paying only 4.99% per annum (“Pay Rate”) for the entire loan term and defers the remaining interest until loan pay-off.  With a well-recognized and respected reputation in the commercial real estate industry, BridgeCore Capital has an established network of trusted mortgage broker relationships and a well-capitalized investor base.

License

CA DRE Lic. 02066006

Company Size (Number of Employees)

4

Year Established

2018

Associations

  • Southern California Real Estate Alliance - Chairperson
  • Los Angeles Mortgage Association

Office Locations

9171 Wilshire Boulevard, Suite 500, Beverly Hills, California 90210

Primary Capital Source
  • Individual Investors
  • Family Offices
  • Single Capital Partner
  • Foundations
Alternative Capital Sources
  • Asset Management Companies
  • Endowments
Loan Structure for Majority of Loans
  • One Investor One Loan
  • Table Funding with Capital Partner
  • LLC Syndicated Investors
Percentage of Loans Secured by Commercial Property

100%

Our Team

Elliot Shirwo

President

CA Department of Real Estate Broker - 02011702
State Bar of California - 192521

Leslie Reuter

Credit and Asset Management

Nathan Fransen

General Counsel

State Bar of California - 242867

David Duner

Tax and Accounting

CA Board of Accountancy - 38072

Roger Pondel

Communications and Investor Relations

Funded Deals

Get In Touch

BridgeCore Capital pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration

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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$500,000

What We Do

  • Purchase & Refi Bridge Loans
  • LTV up to 70%
  • 30% Cash Required for Acquisitions

Not Available

  • NO Land or Construction Projects
  • NO Cannabis-Use Properties
  • NO High Leverage Loans

Send an email to BridgeCore Capital