Bloomfield Capital, a national direct lender and specialty real estate finance firm, has announced the closing of a $4.2 million senior bridge loan. The loan proceeds were used to fund the purchase and renovation of a 217-unit apartment complex located in Jackson, MS. Bloomfield’s loan provided the sponsor with the capital to purchase the asset at auction. Post-closing, the sponsor will begin renovating the complex, allowing the property to accommodate market demand for additional apartment units.
