Bloomfield Capital is pleased to announce the closing of an $6.0 million senior bridge loan on a hospitality property located in Tampa, FL. After closing on the transaction, the experienced Sponsor plans to complete a Property Improvement Plan (“PIP”) and improve the hotel’s performance going forward.
“Bloomfield was able to finance the acquisition of the property while meeting the buyer’s tight closing timeline”, stated Brent Truscott, Partner at Bloomfield Capital. “We continue to find opportunities to provide creative solutions to borrowers with strong track records in their respective areas of expertise. Our balance sheet capital allows for fast execution and flexible terms.”
Bloomfield’s loan is expected to be repaid through conventional financing within 12 months.
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
