Bloomfield Capital closes two senior bridge loans in the Midwest

BIRMINGHAM, Mich., Aug. 9, 2012 /PRNewswire/ -- Bloomfield Capital, a specialty finance firm focused on originating and purchasing commercial real estate loans, has announced the closing of two senior bridge loans on assets located in the Midwest. 

The company funded a senior bridge loan on a 42-unit multifamily complex, used for an opportunistic acquisition. Bloomfield Capital also funded a senior bridge loan used for the recapitalization of a 20,000-square-foot retail center. Both properties are in the Detroit MSA.

"Bloomfield Capital continues to fund time-compressed bridge loans where lender execution is a key component to the transaction," said Nicholas Coburn, managing partner of Bloomfield Capital.  "Our approach is to provide reliable debt and equity capital to borrowers for both opportunistic acquisitions and recapitalizations."

Headquartered in Birmingham, Mich., Bloomfield Capital is a direct real estate lender and equity investor meeting the demands of time-sensitive transactions. The firm specializes in small to medium balance debt opportunities ($1 million to $15 million) and select joint-venture equity participations with owners, operators and developers throughout the nation. Bloomfield Capital offers particular expertise in unconventional financings where industry acumen, local knowledge and attention to special circumstances will result in a substantial financial advantage to the sponsor. As a direct investor and lender, Bloomfield is able to create flexible, custom-tailored investment solutions for each unique situation. With offices in the Detroit and Chicago markets, Bloomfield Capital can be found on the Web at www.bloomfieldcapital.com.

For more information, please contact Nicholas Coburn at (248) 745-1700, or via email at [email protected]

CONTACT:
Tom Nixon
LV8 Communications
[email protected] 
(313) 338-8004

SOURCE Bloomfield Capital

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