TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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March 11, 2024
Source: GlobeNewswire
-Focus Will be on BridgeCore’s Recently Launched Middle-Market Loan Program-
BEVERLY HILLS, CA, March 11, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire –BridgeCore Capital, Inc. today announced that Cory Gitt has joined the firm as Managing Director, Loan Originations.
In this role, Gitt will be responsible for overseeing loan originations for BridgeCore’s recently launched, nationwide program for middle-market loans ranging from $5 million to $30+ million on stabilized and near-stabilized multi-family, industrial, life science and grocery-anchored retail properties. The program expands BridgeCore’s role as an alternative lender to traditional LifeCo financing.
Based in Los Angeles, Gitt has more than 15 years of relevant origination and underwriting experience in all property types and has worked in both the commercial bank and life insurance sectors. He reports directly to BridgeCore’s Founder and Principal, Elliot Shirwo.
During Gitt’s career, he has successfully financed more than $7 billion of core, core-plus, value-add and opportunistic strategies on properties throughout the country. Gitt was most recently on Guggenheim Partners’ CRE lending team. He began his real estate career at Wells Fargo before joining Woodridge Capital Partners.
“Cory has established himself as a respected professional in our industry, with the highest degree of integrity among his peers, and we are delighted that he is joining our team,” said Shirwo. “Beyond his superlative technical abilities, he shares BridgeCore’s coveted practice that relationships come first.”
Added Gitt, “I am excited to be a part of an experienced, professional team that is dedicated to not only getting the deal done but doing so with the highest quality of service and responsiveness. BridgeCore’s Middle-Market Loan Program represents an outstanding opportunity for me to leverage my knowledge and experience in the life insurance lending space to distinguish how BridgeCore’s program addresses investors’ needs in the current ’bridge-to-normal’ environment. Investors today are seeking greater flexibility in loan structure to allow them to refinance into permanent loans when rates decline or to sell when cap rates compress.”
About BridgeCore Capital
BridgeCore provides bridge loans on commercial and non-owner occupied residential real estate throughout the U.S. Borrowers can take advantage of BridgeCore’s Middle-Market Loan Program, an alternative to traditional LifeCo financing. This program provides flexible pre-pay, interest-only, non-recourse, fixed-rate financing with 2-to 5-year terms for loan sizes from $5 million to $30+ million.
For more information, visit www.bridgecorecapital.com.
Company Contact:
Elliot Shirwo, BridgeCore Capital
424-777-0063, elliot@bridgecorecapital.com
Media Contact:
Roger Pondel, PondelWilkinson Inc.
310-279-5965, rpondel@pondel.com
