Bloomfield Capital is pleased to announce the closing of a $4.5 million senior bridge loan which was used to refinance a manufacturing property located in Columbus, OH. The Sponsor required a fast moving senior bridge loan to refinance a matured bank loan on its production facilities.
The Sponsor’s owner-occupied business has operated out of the facility for over a decade and required more time to stabilize operations following the disruptions caused by the Covid-19 pandemic.
“Bloomfield Capital continues to provide opportunistic bridge capital when many other lenders have pulled back from the market”, stated Jason Jarjosa, a partner at Bloomfield Capital.
The Sponsor plans to refinance Bloomfield’s bridge loan with conventional financing in the next 12-18 months.
About Bloomfield Capital
Bloomfield Capital is a direct lender and equity investor in commercial real estate assets nationwide. With offices in Detroit, Denver, Chicago, Portland, and NYC, 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 small- to medium-sized financings from $3-30 million in the form of bridge loans, mezzanine loans, and preferred equity investments.
For more news and information, or to contact us, please visit www.bloomfieldcapital.com.
Bloomfield Capital Contact:
Brent Truscott
Partner
877-690-7111
btruscott@bloomfieldcapital.com
www.bloomfieldcapital.com
