Bloomfield Capital is pleased to announce the closing of an $18.5 million senior bridge loan on a mixed-use property located in Los Angeles, CA. The proceeds were used to refinance the existing loan, and to provide necessary capital for renovations and leasing commissions. The Los Angeles based Sponsor purchased the asset several years ago and recently signed a lease with a large tenant to take the majority of the building’s space.
“Bloomfield Capital continues to provide opportunistic bridge capital when many other lenders have pulled back from the market”, stated Jason Jarjosa, a partner at Bloomfield Capital.
The Sponsor plans to refinance Bloomfield’s bridge loan with conventional financing in the next 12-18 months.
For more news and information, or to contact us, please visit www.bloomfieldcapital.com.
Bloomfield Capital Contact:
Brent Truscott
Partner
877-690-7111
btruscott@bloomfieldcapital.com
www.bloomfieldcapital.com
