Brown-Forman and Pernod Ricard in Merger Talks to Create World's Largest Spirits Giant 
Novartis to Acquire Biotech Firm Excellergy in $2 Billion Deal 
Microsoft Eyes $7B Texas Energy Deal to Power AI Data Centers 
Brazil Meat Exports Weather Iran War Disruptions With Rerouted Shipments 
Eli Lilly and Insilico Medicine Forge $2.75 Billion AI-Driven Drug Discovery Deal 
Unilever and Magnum Face Defamation Lawsuit Over Ben & Jerry's Board Chair Dismissal 
Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic 
Jefferies Upgrades Sodexo to Buy With €55 Target After Historic CEO Appointment 
TSMC Japan's Second Fab to Produce 3nm Chips by 2028 
Bank of America's $72.5M Epstein Settlement: What You Need to Know 
Europe's Aviation Sector on Track to Meet 2025 Green Fuel Mandate 
SoftwareONE Posts 22.5% Revenue Surge in 2025 on Crayon Acquisition 
Russell 1000 Companies Hit $2.2T Cash Record While Aggressively Reinvesting in Growth 
CTOC Adds 3,000 Doctors, 500 Hospitals Ahead of Liquidity Push 
Apple Turns 50: From Garage Startup to AI Crossroads 
Cathay Pacific Holds Firm on Flight Capacity Amid Middle East Conflict and Rising Fuel Costs 
RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure 
BIRMINGHAM, Mich., Jan. 04, 2017 -- Bloomfield Capital, a national direct lender and specialty real estate finance firm, has announced the closing of a $5.4 million senior bridge loan. The loan proceeds were used to purchase a warehouse/distribution property located in the Toledo, Ohio submarket of Perrysburg.
“Bloomfield’s funds provided the Sponsor the capital necessary to acquire the property out of receivership,” stated Brent Truscott, a principal at Bloomfield Capital. “The Sponsor plans to perform light maintenance and improvements at the property to attract new tenants and expand current leases to maximize occupancy.”
Toledo’s industrial market continues to remain strong. Settled in the heart of the Midwest, Toledo is located within a day’s drive of approximately 70% of the U.S. population. This is largely realized by the city’s interstate access as Toledo is intersected by both I-90 and I-75.
Convenient interstate access and centralized location have enabled Toledo to consistently outperform the larger U.S. industrial market. As of Q3 2016, Toledo’s vacancy rate has decreased to 4.8%, down from 5.1% in the previous quarter. In addition, Toledo experienced net absorption of 390,554 square feet over the quarter. Perrysburg, a submarket of Toledo, is consistently a top performing market in Toledo. Perrysburg’s vacancy rate stands at 2.9%, representing seven quarters of consistent improvement. In addition, quoted rental rates have increased each of the last 6 quarters, ending Q3 2016 at $3.52 per square foot.
During the last 12 months, Bloomfield Capital has funded bridge loans on over 2,000,000 square feet of warehouse and industrial space across the United States.
About Bloomfield Capital
Bloomfield Capital meets the needs of time-sensitive transactions by specializing in small-medium balance debt origination and acquisition opportunities ($1,000,000 - $15,000,000) with owners, operators and developers throughout the nation.
We offer particular expertise in unconventional financings where industry acumen, local knowledge and attention to special circumstances will result in a substantial financial advantage to the sponsor.
Bloomfield Capital Contact: Erin Bourdic Senior Marketing Coordinator 248-745-1700 [email protected]
