GALLOWAY TOWNSHIP, N.J., June 19, 2012 /PRNewswire/ -- Bloomfield Capital (www.bloomfieldcapital.com), a specialty finance firm focused on originating and purchasing commercial real estate loans, recently funded a $2,000,000 senior bridge loan in New Jersey. The loan, collateralized by a 125-unit hotel property, enabled the borrower to capitalize on a substantial discounted payoff of the legacy debt.
"Bloomfield continues to place bridge capital into quality assets with strong value creation stories," said Jason Jarjosa, Managing Partner at Bloomfield Capital. "While the hospitality sector has recently experienced improvement in occupancy and room rates nationwide, many properties are still saddled with legacy debt issues. Bloomfield's bridge loan program allows borrowers to quickly recapitalize their balance sheets to lower levels of debt while maintaining control of their assets," stated Jarjosa.
Bloomfield Capital is a direct real estate lender based in Birmingham, MI and Chicago, IL (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 country. Bloomfield specializes in unconventional financings where expertise, quick execution and attention to special circumstances will result in a substantial financial advantage to the borrower/sponsor.
As a direct investor and lender, Bloomfield is able to create flexible, custom-tailored investment solutions to each borrower's unique situation.
Contact: Jason Jarjosa, (248) 745-1700, [email protected]
SOURCE Bloomfield Capital