Bloomfield Capital Provides $26.0 Million Senior Bridge Loan in California

SITUATION:

An experienced commercial real estate owner and operator in Los Angeles required a fast moving bridge loan to finish renovating a portfolio of commercial assets. The Sponsor had acquired the assets over the past several years and had successfully entitled and leased several of the properties for creative office use.

SOLUTION:

Bloomfield Capital provided a $26.0 million senior bridge loan, which was used to refinance the assets and provide the funds necessary for continued renovations and leasing commissions.



“Bloomfield Capital continues to seek out and finance best in class sponsors and operators across all asset types”, stated Brent Truscott, a partner at Bloomfield Capital. “Current market conditions are creating opportunities to provide capital for opportunistic projects where banks are not able to move swiftly enough to meet fast moving project deadlines”, Truscott added.

The Sponsor plans to refinance Bloomfield’s bridge loan with conventional financing in the next 12-18 months. 

To read more, click HERE.

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 15 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 will be attending the CRE Finance Council Conference, taking place at the Loews Miami Beach Hotel,

January 7–10, 2023 in Miami, FL.

Please reach out to set up a time to meet with us at the conference.

Count on Bloomfield Capital to provide the solution to your challenging deal. Contact Brent Truscott by email or phone at 877-690-7111

877-690-7111

 Deals@BloomfieldCapital.com

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Birmingham, Michigan 48009

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Bloomfield Capital is a direct lender and equity investor in commercial real estate assets nationwide. With offices in Detroit, New York, Denver, Chicago, and Portland, 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.

www.BloomfieldCapital.com