BIRMINGHAM, Mich., March 12, 2012 /PRNewswire/ -- Bloomfield Capital (www.bloomfieldcapital.com), a specialty finance firm focused on originating and purchasing commercial real estate loans, recently funded a $5,000,000 senior bridge loan in Houston, TX. The loan, collateralized by a 300-unit multifamily complex, allowed the borrower to quickly acquire a bank REO property at a significant reduction to prior debt levels.
Jason Jarjosa, a partner at Bloomfield Capital stated: "This bridge loan origination is a great example of Bloomfield's ability to quickly underwrite a new opportunity and fund in a compressed timeframe, meeting the needs of our borrower. Continued dislocation in the credit markets has prevented borrowers on quality assets such as this from securing traditional financing in a timely manner, and Bloomfield seeks to fill this void with reliable bridge capital."
Bloomfield Capital is a direct real estate lender based in Birmingham, Michigan and Chicago, Illinois (www.bloomfieldcapital.com). Bloomfield meets the needs of time-sensitive transactions by specializing in small to 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: Jason Jarjosa, (248) 745-1700, [email protected]
SOURCE Bloomfield Capital