Elliot Shirwo Elliot Shirwo

BridgeCore Capital has expanded its loan offerings. The private mortgage lender has added second mortgage and mezzanine loan products to its offerings, and will provide financing for deals ranging in value from $1 million to $8 million. This new product allows the company to take full advantage of the capital stack and offer borrower more financing options with better leverage.

"We further expanded our capital solution by offering multiple tranches of the capital structure through our senior and, now, our second mortgage/mezzanine loans, raising the potential leverage available to the borrower from 65% LTV to 80% CLTV between the first and second mortgages," Elliot Shirwo, principal and founder at BridgeCore Capital, tells GlobeSt.com. "In addition, I found that borrowers who were seeking a second mortgage or mezzanine loan between $1 million and $10 million in loan size were left without many choices."

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.