Broadway Financial Corporation, parent of Broadway Federal Bank, f.s.b., has advanced its recapitalization effort by raising additional common equity and extending the maturity of its floating rate junior subordinated debentures. The sale raised about $9.7 million of new equity capital from investors led by an entity affiliated with Gapstow Capital Partners. The company’s remaining debt now consists solely of $5.1 million of junior subordinated debentures. “In conjunction with the improvements in the quality and performance of our loan portfolio, we are now able to devote our attention to producing profitable growth and enhancing operations for our investors,” said Broadway Financial CEO Wayne-Kent Bradshaw.