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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.
Funded By
Bloomfield Capital
The Direct Bridge Lender and Equity Provider for Urgent Projects