SITUATION:
An experienced local Sponsor required senior bridge financing to execute the
acquisition of two adjacent industrial buildings totaling 230,000 square feet in greater
Indianapolis, IN.
The Sponsor required immediate execution due to an expiring purchase
option, which allowed them to acquire the property and accommodate their rapidly
growing business.
SOLUTION:
Bloomfield Capital was approached to provide a senior bridge loan on the property, with
proceeds facilitating the acquisition of the buildings.
The Sponsor’s business currently operates at the property, and they recently expanded
to occupy the entire property. Bloomfield’s bridge loan will allow for the Sponsor to
continue the expansion of their business and execute their business plan.
Bloomfield was able to swiftly underwrite the Sponsor’s business and understand the
local industrial market. The Sponsor plans to refinance Bloomfield’s bridge loan with a
loan from the SBA upon stabilization of their business operations.
HOW CAN WE HELP YOU?
When you are faced with these types of uncommon, urgent-to-close situations that
require debt or equity between $3-30 million, there’s no group more experienced to
handle them than the team at Bloomfield Capital.
In the 14 years we’ve been serving the commercial real estate community, we’ve funded
over $1 billion of these types of complex, time-constrained capital requests. With us,
you can have complete confidence that your important project is in experienced, tactical
and confident hands.
Bloomfield Capital Contact:
Brent Truscott
Partner
877-690-7111
btruscott@bloomfieldcapital.com
www.bloomfieldcapital.com
