Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict 
Deere & Company Agrees to $99 Million Settlement Over Right-to-Repair Dispute 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave 
SpaceX IPO: Retail Investors to Play Historic Role in Record-Breaking Public Offering 
Pony.ai, Uber, and Verne Launch Europe's First Commercial Robotaxi Service in Zagreb 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028 
NIO ES9 SUV Launch Sends HK Shares Down 7% Despite Bold Pricing Strategy 
Anthropic's Mythos AI Model Sparks Emergency Cybersecurity Meeting With Top U.S. Bank CEOs 
Ford Issues Major Recall on Over 422,000 Vehicles Due to Windshield Wiper Defect 
Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth 
LG Electronics Posts Record Q1 Revenue Amid Strong Demand and Cost Improvements 
FedEx Pilots and Union Reach Tentative Agreement on 40% Pay Increase 
Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts 
BHP's Incoming CEO Visits China Amid Pricing Dispute with CMRG 
BIRMINGHAM, Mich., Feb. 06, 2017 -- Bloomfield Capital, a national direct lender and specialty real estate finance firm, has announced the closing of a $3.16 million senior bridge loan. The loan proceeds were used to facilitate the discounted payoff on multiple retail assets located in Indianapolis, Indiana.
“Bloomfield’s funds provided the Sponsor the capital necessary to refinance the properties at a 50% discount to the prior outstanding debt,” stated Jason Jarjosa, a principal at Bloomfield Capital. “The Sponsor is an experienced retail developer, has owned each asset in excess of ten years, and plans to perform light maintenance at each property to maintain and increase occupancy,” Jarjosa added.
Expanding retailers and favorable demographic trends are enticing investors to Indianapolis retail assets. As of Q3 2016, the vacancy rate for Indianapolis retail fell 50 basis points to a 10-year low of 6.0% on strong tenant demand. Residential development is growing throughout the metro area attracting new big box retailers while targeted store closures will provide investors value-add opportunities in 2017.
Throughout 2016, Bloomfield Capital closed multiple bridge loans on multi-tenant retail centers nationwide, including several discounted payoffs.
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]
