LEXINGTON, Ky., April 11, 2012 /PRNewswire/ -- Bloomfield Capital (www.bloomfieldcapital.com), a specialty finance firm focused on originating and purchasing commercial real estate loans, recently funded a $2,200,000 senior bridge loan in Lexington, KY. The loan, collateralized by a 166-unit multifamily complex, allowed the borrower to seize upon a strategic acquisition in a strong multifamily market.
Nicholas Coburn, Managing Partner at Bloomfield Capital stated: "There remains a large dislocation in the real estate credit markets. This gap in traditional funding continues to present ample opportunities for borrowers to acquire strong properties at significant discounts to intrinsic value. Bloomfield's interest-only bridge capital allows our borrowers to quickly seize upon opportunistic acquisitions and refinancings where certainty of closing and a reliable debt partner are key components to the transaction."
Bloomfield Capital is a direct real estate lender based in Birmingham, Michigan (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