Bloomfield Capital is a specialty finance firm that specializes in real estate structured financing and focuses on originating and purchasing commercial real estate loans. We invest directly in real estate through the origination of high-yield bridge loans, and direct acquisitions of collateralized real estate obligations. Our objective is to leverage our extensive depth of real estate and finance experience to the benefit of high-quality commercial and residential real estate projects nationwide.
Bloomfield Capital meets the needs of time-sensitive transactions by specializing in small-medium balance debt opportunities ($1,000,000 - $15,000,000) and select joint venture equity participations with owners, operators and developers throughout the nation. We specialize in unconventional financings where expertise, local knowledge and attention to special circumstances will result in a substantial financial advantage to the project team.
We seek to deliver both capital and strategic support to experienced developers and real estate professionals who have assembled well-conceived, demand-driven real estate opportunities.
We are a direct investor and lender, and because of this we are able to create flexible, custom-tailored investment solutions to your unique situation.
Jul 14, 2014 | Deal Closing - Chicago Office Complex
Bloomfield Capital funds $1.8 million bridge loan in Chicago, IL
BIRMINGHAM, Mich. —Bloomfield Capital, a specialty real estate finance firm, has announced the closing of a $1.8 million senior bridge loan to purchase a bank owned office complex located in suburban Chicago, IL.
Bloomfield’s loan proceeds allowed the sponsors to purchase the property after they had already put down a significant non-refundable deposit.
“This transaction is a great example of an undervalued REO asset with significant potential that was being mismanaged due to bank ownership,” stated Brent Truscott, a principal at Bloomfield Capital. “Bloomfield’s bridge capital allowed the sponsor to quickly close the transaction and preserve $100,000 in equity that would have otherwise been at risk. Bloomfield’s loan also provides for a capital improvement reserve to allow for renovations on vacant space as new leases are signed.”
For more information on this transaction or to learn more about Bloomfield Capital's bridge lending platform, please email email@example.com, or call (248) 745-1700.Read the latest