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.
954 W. Washington Blvd., Suite 205
Chicago, IL 60607
280 N. Old Woodward Ave, Suite 104
Birmingham, MI 48009
1444 Wazee St, Suite 227
Denver, CO 80202