Deal Details
Private Loan Type
Commercial Property Value Add
Approx. Funding Date
10/15/2015
Property Type
Multifamily
Property City
Jackson
Property State
MS
Interest Rate
%
Origination Points
%
Deal Summary
$4.2 million senior bridge loan to fund the purchase and renovation of a 217-unit apartment complex located in Jackson, MS. Bloomfield’s loan provided the sponsor with the capital to purchase the asset at auction. Post-closing, the sponsor will begin renovating the complex, allowing the property to accommodate market demand for additional apartment units.