Code Capital LLC is a boutique commercial real estate mortgage brokerage built on 15 years of relationships and over $1 billion in closed transactions — from senior debt and JV equity to distressed note workouts and last-minute bank solutions.
Code Capital LLC is a Philadelphia-based commercial real estate mortgage brokerage built on deep lender relationships, market knowledge, and a client-first philosophy. We specialize in the full capital stack — from conventional senior debt to complex distressed situations — giving developers and owners access to the right financing at every layer.
From ground-up construction in Philadelphia to workout situations in Florida, the Carolinas, Texas, and Nevada — we have the relationships and the expertise to close transactions that others can't.
We don't chase one-off transactions. We build lasting partnerships — because when our clients grow, we grow. That's the foundation of Code Capital.
Whether you need conventional financing or are facing a time-sensitive bank situation, a distressed note, or a deal that's fallen out of process — we have the relationships and the experience to find a solution.
Headquartered at 1900 Market Street, Center City Philadelphia — with active deal flow across the country.
At Code Capital, the best deals come from the deepest relationships. We invest in understanding your business, your goals, and your vision — not just your current financing need. Our goal is to be the partner you call for every deal, every cycle, every stage of growth. When you win, we win.
We prioritize long-term partnerships over short-term transactions. Our lender network is built on 15 years of earned trust.
Your growth is our growth. We stay invested in your portfolio and come back to the table on every new opportunity.
As your dedicated advisor — not just a broker — we succeed only when your deals close and your projects thrive.
Lenders and investors receive hundreds of deals. Most get ignored. The ones that get funded are the ones presented with clarity, credibility, and a complete picture. That's what Code Capital delivers — every time.
We don't paper-flip what a developer hands us. Our team digs into every deal at the most detailed level — validating costs, stress-testing assumptions, and ensuring there are no gaps that will surface in underwriting. When we bring a deal to market, lenders know the numbers are right.
We don't produce 50-page pitch books that bury the ask. Every deal gets a purpose-built offering memorandum where a single page tells a lender or investor everything they need to know — the asset, the numbers, and a precise, clear ask. No confusion, no guesswork.
Our senior analyst reviews every deal from the ground up — hard costs, soft costs, income assumptions, exit strategy. We identify missing or understated costs before a lender does. Our deals get financed because borrowers who work with us show up to market with their story fully told.
Understanding a deal at the deepest level means we can convey it to lenders and investors with conviction. We answer the hard questions before they're asked — and that credibility is what separates a funded deal from one that never gets a term sheet.
Every deal we take on goes through the same rigorous process. We do the work upfront so that by the time we approach lenders and equity partners, we're presenting with full confidence — and so are you.
Lenders respect the deals we bring because they know we've already stress-tested everything. That reputation is one of our most valuable assets — and yours.
Eric Morrison and our senior analyst review all deal materials — sources & uses, cost breakdown, rent roll, pro forma — and identify any gaps before going to market.
We build a custom OM for each deal — tight, clear, and deal-specific. One page captures every key metric and a precise financing ask. No fluff, no confusion.
We go directly to the right capital sources — not a mass blast. We know which lenders are active in your market, asset class, and capital structure right now.
We stay actively involved from term sheet through closing — managing the process, answering questions, and keeping your deal on track.
"I've never believed in one-off transactions. Every client I work with is a long-term partner. I want to be the person you call on your first deal, your tenth deal, and every deal in between." — Eric Morrison
Eric Morrison is the founder and principal broker of Code Capital LLC, bringing 15 years of commercial real estate finance experience and a track record of over $1 billion in total financing closed across the country. His experience spans every corner of the capital stack — construction and bridge loans, permanent financing, mezzanine debt, preferred equity, JV structures, distressed note workouts, and time-sensitive bank situations.
A South Jersey native who has proudly called Philadelphia home since 2008, Eric has deep roots in the greater Philadelphia market. His deal activity extends significantly into Florida, the Carolinas, Texas, Nevada, and across the East Coast. He has particular expertise in senior housing finance — a specialized asset class requiring dedicated lender relationships and nuanced underwriting knowledge.
Eric is supported by a small, focused team including a senior analyst who reviews every deal at the most detailed level before it goes to market. That internal underwriting process is a core part of what makes Code Capital different — lenders know that when a deal comes from Eric Morrison, the numbers have been vetted and the story is complete.
Eric resides in Philadelphia with his wife Nikki and their dog Jaxon — a local business owner invested in this city and committed to the clients and communities he serves.
From conventional senior financing to time-sensitive distressed situations — we have the capital sources and the expertise to get your deal done.
First mortgage financing from banks, debt funds, CMBS lenders, life insurance companies, and agency sources. Best execution for your leverage, asset type, and hold strategy.
Construction · Bridge · PermanentSubordinate debt that bridges the gap between senior financing and equity — enabling higher leverage without unnecessary dilution of your ownership position.
Gap Financing · Higher LeverageStructured preferred equity with defined returns and priority distributions — a flexible alternative when the capital structure calls for it.
Structured · Flexible ReturnsJoint venture partnerships with institutional investors, family offices, and private capital sources — matched to your deal thesis, timeline, and return targets.
Institutional · Family Office · PrivateFacing a maturing loan, a note in default, or a lender unwilling to extend? We connect borrowers with private lenders and debt purchasers who specialize in distressed situations — moving quickly when time is the critical factor.
Note Acquisitions · Loan Workouts · Rescue CapitalWhen a bank pulls out, covenants are triggered, or a closing is at risk — we have access to bridge lenders and private capital sources that can move fast. We've closed deals in situations where most brokers would walk away.
Bridge · Hard Money · Emergency CapitalWe're currently building out this section with our recent transaction history. With over $1 billion in closed financing across the country, there's no shortage of deals to share — check back soon.
In the meantime, reach out directly and Eric Morrison will walk you through relevant comparable transactions for your asset type and market.
Code Capital is headquartered in Center City Philadelphia — our home market where our roots run deepest. We have strong lender coverage across the greater Philadelphia MSA, Delaware Valley, and South Jersey.
Florida and the Carolinas are two of our most active deal markets. From Miami and Tampa to Charlotte, Raleigh, and Charleston — we have consistent deal flow and the lender relationships to execute in these high-growth corridors.
Our network covers the full East Coast from Boston to Miami, with national reach including Texas and Nevada. We have particular depth in senior housing financing across all regions, and hands-on experience with distressed situations in virtually every major market.
Discuss Your MarketReach out directly — Eric Morrison responds to every inquiry personally. No intake form, no junior associate, no runaround. Just a straight conversation about your financing — whether it's a conventional deal or a situation that needs a fast solution.