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Direct lender closes loan on Denver indu...

$3.1 million Senior bridging loan BIRMINGHAM, Mich., June 23, 2022 /PRNewswire/ — Bloomfield Capital Announces the Closing of a $3.1 million senior bridge loan, which provided the capital to refinance and renovate a 25,000 square foot flexible office/industrial building located in Dore, CO. The sponsor needed immediate funding due to tenants who had already signed […]

Direct lender closes loan on Denver mixe...

“Bloomfield Capital’s senior bridge loan facilitated the acquisition of the historic mixed-use property.” Tweet that “We look forward to seeing this property’s contribution to the growth of the surrounding neighborhood,” said Brent Truscott, partner at Bloomfield Capital. “Our bridging loan allowed this sponsoring group to quickly acquire the property and begin executing their business plan, […]

Direct Lender Closes Loan on Cleveland I...

BIRMINGHAM, Mich., February 8, 2022 /PRNewswire/ — Bloomfield Capital has announced the closing of a $4.0 million senior bridge loan on a 100,000 square foot multi-tenant industrial property with significant cold storage space located in Cleveland, Ohio. The sponsor demanded immediate execution due to signed leases with tenants waiting to occupy the post-renovated space. The […]

Direct lender closes loan on Cleveland i...

BIRMINGHAM, Mich., February 8, 2022 /PRNewswire/ — Bloomfield Capital has announced the closing of a $4.0 million senior bridge loan on a 100,000 square foot multi-tenant industrial property with significant cold storage space located in Cleveland, Ohio. The sponsor demanded immediate execution due to signed leases with tenants waiting to occupy the post-renovated space. The […]

Direct Lender Closes Loan on Cleveland I...

BIRMINGHAM, Mich., February 8, 2022 /PRNewswire/ — Bloomfield Capital has announced the closing of a $4.0 million senior bridge loan on a 100,000 square foot multi-tenant industrial property with significant cold storage space located in Cleveland, Ohio. The sponsor demanded immediate execution due to signed leases with tenants waiting to occupy the post-renovated space. The […]

Golub Capital Chairman speaks on “best y

Direct lender Golub Capital nearly tripled its loans last year to over $ 36 billion. Private equity firms are increasingly turning to direct lenders for loans formerly managed by banks. David Golub sees business continuing to explode in 2022, even as rates rise. Direct lender Golub Capital just ended a record year fueled by the […]

Direct Lender completes loan on Midwest ...

BIRMINGHAM, Mich., 22 December 2021 / PRNewswire / – Bloomfield Capital has announced the closing of a $ 6.7 million senior relay loan on three industrial buildings located at Macomb County, Michigan. The buildings are owner-occupied and serve as the head office and manufacturing facilities for Sponsor’s operating activities. The Sponsor, a level 1 automotive […]

Direct Lender Secures Midwestern Industr...

BIRMINGHAM, Mich., 22 December 2021 / PRNewswire / – Bloomfield Capital has announced the closing of a $ 6.7 million senior relay loan on three industrial buildings located at Macomb County, Michigan. The buildings are owner-occupied and serve as the head office and manufacturing facilities for Sponsor’s operating activities. The Sponsor, a level 1 automotive […]

Senate Bill Would Prevent SBA From Becom...

Senator Tim Scott introduced a bill on Tuesday to prevent the Small Business Administration from becoming a direct lender, the Protecting Access to Credit for Small Businesses Act (S. 3382). The bill would prevent the SBA from directly granting loans under the 7 (a) program. “We support all efforts to prevent the SBA from becoming […]

Direct Lender closes on Baltimore, MD, S...

$ 13 million Senior bridge loan – guaranteed by Iconic Building BALTIMORE, November 9, 2021 / PRNewswire / – Bloomfield Capital, a national direct lender and equity investor, has announced the closing of a $ 13 million senior bridging loan on a class A office building in Baltimore seaport. The institution-backed sponsor used the loan […]

National Direct Lender Closes Loan to Co...

PORTLAND, Maine, November 2, 2021 / PRNewswire / – Bloomfield Capital has announced the closing of a $ 4.0 million mezzanine construction loan on a condominium development in from Portland booming neighborhood of Munjoy Hill. The completed four story property will include 45 units on an underground garage. The developer secured a senior construction loan […]

Ares CEO sees financing deals with direc...

Ares Management, one of the dominant players in private credit, now underwrites contracts of up to $ 3 billion and may soon provide loans of up to $ 5 billion to a single borrower, CEO Michael Arougheti said. Private equity firms are increasingly bypassing syndicated loans arranged by banks and turning to direct lenders, usually […]

Ares CEO sees direct lender financing de...

(Bloomberg) – Ares Management Corp., one of the dominant players in private credit, now underwrites contracts of up to $ 3 billion and may soon provide loans of up to $ 5 billion to a single borrower, CEO Michael Arougheti. noted. Private equity firms are increasingly bypassing syndicated loans arranged by banks and turning to […]

Kennedy, Scott and their colleagues oppo...

WASHINGTON – Senator John Kennedy today joined Senator Tim Scott (RS.C.) and more than 10 other senators in writing to Senate Majority Leader Chuck Schumer (DN.Y.), President of the House Nancy Pelosi (D-Calif.), Senate Small Business Committee Chairman Ben Cardin (D-Md.) And House Small Business Committee Chair Nydia Velazquez (DN.Y.) oppose a Democratic plan that […]

Direct lender vs mortgage broker

Editorial independence We want to help you make better informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and earn us a referral commission. For more information see How we make money. It’s one of the most important decisions you’ll make as a buyer: should you […]

In the event of a default, the American ...

By Lawrence Delevingne BOSTON (Reuters) – San Francisco-based Colchis Capital Management LP, a pioneer in online direct lending platforms, is cutting its major funds as disruption from the novel coronavirus began to hit its consumer lending and real estate, according to documents reviewed by Reuters. “The biggest risk to Colchis Income Funds is unemployment for […]

Exclusive: eye on defaults, US direct le...

BOSTON (Reuters) – San Francisco-based Colchis Capital Management LP, a pioneer of online direct lending platforms, cuts major funds as disruption from the novel coronavirus begins to affect its consumer and real estate lending, according to documents reviewed by Reuters. “The biggest risk for Colchis Income Funds is unemployment for our consumer loans and the […]

New Direct Lender Launches Customizable ...

MIAMI – (COMMERCIAL THREAD) – Commercial Direct, a new division of Silver Hill Funding, a commercial mortgage lender and a subsidiary of Bayview Asset Management, today announced its official launch to support fast and flexible lending with a loan customization tool in one-of-a-kind line for mortgage companies. Competitive loans are adaptable to the individual needs […]