Italy Fines Apple €98.6 Million Over App Store Dominance 
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
Boeing Wins $2.04B U.S. Air Force Contract for B-52 Engine Replacement Program 
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares 
BP Nears $10 Billion Castrol Stake Sale to Stonepeak 
Uber and Baidu Partner to Test Robotaxis in the UK, Marking a New Milestone for Autonomous Ride-Hailing 
FDA Approves Mitapivat for Anemia in Thalassemia Patients 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccine Portfolio 
DOJ Reaches Settlement With Blackstone’s LivCor Over Alleged Rent Price-Fixing 
AstraZeneca’s LATIFY Phase III Trial of Ceralasertib Misses Primary Endpoint in Lung Cancer Study 
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccines Portfolio 
Hyundai Recalls Over 51,000 Vehicles in the U.S. Due to Fire Risk From Trailer Wiring Issue 
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector 
Waymo Plans Safety and Emergency Response Upgrades After San Francisco Robotaxi Disruptions 
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
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]
