Typical Bridge Loans close within 30 days of submission, but timelines can vary depending upon the specific transaction. It is not uncommon for Bloomfield Capital to close a loan with 2 weeks of receiving a signed term sheet from the Sponsor.
Prepayment penalties from 3 months to 12 months.
Brokers are protected. Bloomfield pays brokers commissions on the majority of our closed loans, and we welcome broker submissions and calls.