Bloomfield Capital Funds $1,500,000 Senior Bridge Loan

BIRMINGHAM, Mich., Nov. 15, 2011 /PRNewswire/ -- Bloomfield Capital (www.bloomfieldcapital.com), a specialty finance firm focused on originating and purchasing commercial real estate loans, recently funded a $1,500,000 senior bridge loan in Dayton, OH.  Collateral for the senior loan included a fully occupied multifamily complex and a stabilized retail center.  Bloomfield's loan allowed the borrower to consolidate two prior loans and begin the process of procuring long-term financing.

Nicholas Coburn, managing partner at Bloomfield Capital stated:  "This refinancing was well suited for Bloomfield's senior bridge loan program.  The time sensitive nature of the transaction and the strong cash flow exhibited by the collateral combined to provide Bloomfield with a solid investment opportunity.  Continuing dislocation in the credit markets has prevented borrowers on quality assets such as these from finding traditional financing, and Bloomfield seeks to fill this void with fast moving bridge capital."

Bloomfield Capital is a direct real estate lender based in Birmingham, MI (www.bloomfieldcapital.com).  Bloomfield meets the needs of time-sensitive transactions by specializing in small-medium balance debt opportunities ($1,000,000 - $15,000,000) and select joint venture equity participations with owners, operators and developers throughout the nation. Bloomfield specializes in unconventional financings where expertise, 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 to each client's unique situation.

Contact:  Nicholas Coburn, (248) 745-1700, [email protected]

SOURCE Bloomfield Capital

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