Fintech firms join forces to create a “closed-loop CRE marketplace”

“Cross River and Bridgeton’s combined, closed-loop CRE marketplace is unprecedented. Leveraging Bridgeton’s expertise and origination network will empower us to reach borrowers on a national scale, not only in primary lending markets but also in secondary and tertiary markets, and is opening the door to help provide more affordable housing and finance options nationwide in addition to the local businesses serving those markets,” said Cross River chief lending officer Shimon Eisikowicz.

“This is an opportunity to combine Cross River’s fintech DNA with our robust portfolio of CRE offerings and will ultimately pave the way for both Cross River and the real estate industry with an end-to-end CRE marketplace.”

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“We look forward to growing the platform and our offerings with Bridgeton as we provide borrowers with a full suite of CRE services on a national scale,” said Josh Gurman, director of CRE underwriting and processing at Cross River.

“Cross River and Bridgeton Capital are two best in class tech-enabled lending platforms,” said Solomon Garber, chief revenue officer and co-founder of Bridgeton Capital. “We look to solve how loans are processed and underwritten, providing the commercial real estate market a more efficient solution to accessing capital.”