Bloomfield Capital is pleased to announce the closing of an $13.0 million senior bridge loan on a healthcare property located in Greater Los Angeles, CA. The experienced Sponsor plans to renovate the former memory care community into an inpatient behavioral health facility. The Sponsor and their operating partner have transacted on multiple healthcare facilities around the country together.
“Bloomfield was able to finance the acquisition of the property to meet the buyer’s tight closing timeline”, stated Jason Jarjosa, Partner at Bloomfield Capital. “Operationally intensive businesses backed by institutional quality real estate have become a focus of our lending platform”, Jarjosa added.
Bloomfield’s loan is expected to be repaid through conventional financing within the next 12-18 months.
Bloomfield Capital Contact:
Brent Truscott
Partner
877-690-7111
btruscott@bloomfieldcapital.com
www.bloomfieldcapital.com
About Bloomfield Capital
Bloomfield Capital is a direct lender and equity investor in commercial real estate assets nationwide. With offices in Detroit and in New York, Bloomfield Capital’s team draws from a broad base of commercial real estate and finance experience. The firm provides debt and equity solutions to meet the demands of time-sensitive and complex transactions. Bloomfield Capital specializes in $3-30 million bridge loans, note financings and direct note acquisitions.
For more news and information, or to contact us, please visit www.bloomfieldcapital.com.
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