BridgeCore Capital expanded its commercial loan program to include a mezzanine loan product to achieve maximum coverage in the capital stack for borrowers seeking short-term bridge financing on commercial properties.
BridgeCore has also broadened its geographic scope to include primary and secondary markets throughout the U.S.
“BridgeCore is expanding its product scope to address a gap in the marketplace for second mortgage/ mezzanine financing in the $1 million to $7.5 million loan size range,” said Founder and Principal Elliot Shirwo. “In addition to broadening our geographic reach, BridgeCore’s expanded loan program will further serve its comprehensive network of mortgage brokers who seek reliable debt solutions that cover the entire capital stack from one funding source.
“We will continue to offer our attractive pay-rate product that reduces a borrower’s monthly interest payment to a current rate of 4.99% per annum for the entire loan term, deferring the remaining interest payment until loan pay-off,” Shirwo said.
Founded in 2018, BridgeCore Capital is a direct private bridge lender providing short-term loans secured by first and second mortgages on commercial real estate in primary and secondary U.S. markets.
