Bloomfield Capital is Sponsoring the Certified Commercial Investment Member Summer Deals & Drinks Events
Bloomfield Capital is sponsoring the 2017 Certified Commercial Investment Member (CCIM) Summer Deals & Drinks Events in Denver, Colorado. The events are Thursday, June 1 and Thursday, August 3. For more information visit the CCIM website.
Bloomfield Capital is attending the 4th Annual Kansas City Commercial Real Estate Summit
Bloomfield Capital will be at the 4th Annual Kansas City Commercial Real Estate Summit on June 8, 2017 in Kansas City. More information on the summit is available here.
$1,230,000 Senior Bridge Loan Secured by Michigan Medical Office Property
May 2017 — Bloomfield Capital, a national direct lender and specialty real estate finance firm, has announced the closing of a $1,230,000 senior bridge loan. The loan proceeds were used to refinance a medical office building located in greater Grand Rapids, Michigan.
“Bloomfield’s funds provided the Sponsor the capital necessary to refinance a maturing loan and implement a reserve account for working capital needs”, stated Brent Truscott, a principal at Bloomfield Capital. “This transaction allows the Sponsor the time necessary to find the best long-term financing for the property while utilizing a senior bridge loan,” Truscott added.
As a direct lender with an in-house credit committee, Bloomfield is able to customize its loan programs for borrowers that may need to capitalize on a fast moving opportunity, restructure complex loan scenarios, or where a bank lender may not be responsive enough to perform in a time-constrained manner.