ACCESSWIRE
16 Mar 2023, 23:31 GMT+10
$12.0 Million Senior Bridge Loan
BIRMINGHAM, MI / ACCESSWIRE / March 16, 2023 / Bloomfield Capital announces the closing of a $12.0 million senior bridge loan, which was used to refinance a maturing loan on a skilled nursing facility located in Southern California.
The Sponsor, a seasoned owner and operator, has purchased and restructured multiple senior living assets throughout the Western U.S. The subject property was purchased several years ago, and since that point, the Sponsor has focused on improving the facilities, the quality of care, and its operating performance.
'Bloomfield Capital was able to quickly underwrite and refinance the asset,' stated Renee Lewis, a Partner at Bloomfield Capital. 'This well-managed property is attractive to prospective residents due to its seasoned operational staff, and its infill Southern California location,' Lewis added.
The Sponsor plans to refinance Bloomfield's bridge loan with agency financing once the facility has an additional 12 months of stabilized operating history.
About Bloomfield Capital
Bloomfield Capital is a direct lender and equity investor in commercial real estate assets nationwide. With offices in Detroit, Denver, Chicago, Los Angeles, Portland, and NYC, Bloomfield Capital's team draws from a broad base of commercial real estate and finance experience. The firm provides debt and equity solutions to meet the demands of time-sensitive and complex transactions. Bloomfield Capital specializes in small- to medium-sized financings from $4-30 million in the form of bridge loans, mezzanine loans, and preferred equity investments.
Brent Truscott
Partner
btruscott@bloomfieldcapital.com
877-690-7111
SOURCE: Bloomfield Capital
Get a daily dose of Atlanta Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Atlanta Leader.
More InformationMUNICH, Germany: The heavy snow and icy conditions that hit Bavaria, Germany, canceled flights and long-distance trains out of Munich, ...
RALEIGH, North Carolina: After a decade of discussions and hesitations, North Carolina has expanded Medicaid coverage by offering government-funded health ...
The U.S. has supplied Israel with scores of BLU-109 bunker-buster bombs since October 7, the Wall Street Journal has reported, ...
WASHINGTON D.C.: This week, the Biden administration announced a proposal by the Environmental Protection Agency (EPA) that would require U.S. ...
TOKYO, Japan: Japan's space agency recently fell victim to a cyberattack, but reassuringly, the compromised information did not pertain to ...
MOUNT PLEASANT, Michigan: This week, a judge sentenced a Michigan man who kept his dead wife's body in a freezer ...
NEW YORK: This week, a New York judge approved legal settlements to end lawsuits that halted the state's legal cannabis ...
NEW YORK, New York - U.S. stocks spent most of Tuesday meandering, with the major indices closing out the day ...
DEARBORN, Michigan: This week, Ford said a six-week United Auto Workers (UAW) strike cut its sales by some 100,000 vehicles ...
WASHINGTON D.C.: This week, the Biden administration adopted a new rule aimed at reducing methane emissions, which targets the role ...
AUSTIN, Texas: During an event held this week in Austin, Texas, Tesla CEO Elon Musk said the electric vehicle (EV) ...
NEW YORK, New York - U.S. stocks closed mixed on Monday following on from last week's volatility."Digestion is the word ...