{"id":7679,"date":"2023-01-17T07:24:38","date_gmt":"2023-01-17T13:24:38","guid":{"rendered":"https:\/\/1reason.com\/re\/direct-lender-funds-loan-on-industrial-complex-in-texas\/7679\/"},"modified":"2023-01-18T01:24:38","modified_gmt":"2023-01-18T07:24:38","slug":"direct-lender-funds-loan-on-industrial-complex-in-texas","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/direct-lender-funds-loan-on-industrial-complex-in-texas\/7679\/","title":{"rendered":"Direct Lender Funds Loan on Industrial Complex in Texas"},"content":{"rendered":"<div> The Sponsor required immediate execution due to an expiring purchase contract.   <\/p>\n<p>The Sponsor, a real estate private equity fund, owns multiple industrial real estate assets in the Houston area, and has completed lease-up strategies on similar properties in the recent past.<\/p>\n<p>&#8220;Industrial real estate in Houston has less than a 6.0% vacancy rate, and the subject&#8217;s immediate market has less than a 5.0% vacancy rate,&#8221; stated Jason Jarjosa, a Partner at Bloomfield Capital. &#8220;Newer, well-located assets such as this property are attractive to prospective tenants due to their high ceiling heights, existing overhead cranes, and proximity to the George Bush International Airport,&#8221; Jarjosa added.<\/p>\n<p>The Sponsor plans to ultimately refinance Bloomfield&#8217;s bridge loan with a conventional loan or sell the asset once the property has been fully leased.<\/p>\n<p>                  <strong><b>Contact Information:<\/b><\/strong>                      <br \/>              Brent Truscott            <br \/>                              Partner                <br \/>                                          <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=a1KAZ_UJE5kgoiQmHOO-tGlsF-80RvlG82KYz8r6ma4h2M7nhkdsK7h4izwxkuqvUCSN0jsPyn8qJxtZD3vPXJ31giDZmt5STRuf8BFktsjybBcRANwieE3zJ7T53ZiN\" rel=\"nofollow noopener\" target=\"_blank\" title=\"btruscott@bloomfieldcapital.com\">btruscott@bloomfieldcapital.com<\/a>                 <br \/>                                          877-690-7111                                         <\/p>\n<p>     This content was issued through the <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IdNK3E-INDVVx4sbYDp4OYHOOeUIMGXn9vqlRuI8GGqoEjNSKXXVAcmp8YLRzGnGHWJaXCcES6m5NJB-kNmZZhQFioQHO9KO48ZsZpw0-dAcXO8cgu_pY6Tg2mVPSXjJK1hMyIGVsD_inqnlrsWGHw==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"press release distribution service at Newswire.com\">press release distribution service at Newswire.com<\/a>. <\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/N2QxMWVhYjQtY2M4ZC00MWU3LWIwNTYtODhmYTJhZmUyM2Y1LTEwMzAwMTU=\/tiny\/Bloomfield-Capital.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p>$6.0 Million Senior Bridge Loan Closing<\/p>\n<p>BIRMINGHAM, Mich., Dec. 08, 2022 (GLOBE NEWSWIRE) &#8212; Bloomfield Capital announces the closing of a $6.0 million senior bridge loan, which provided the capital necessary for the acquisition and renovation of an industrial complex in greater Houston, Texas.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/7679"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=7679"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/7679\/revisions"}],"predecessor-version":[{"id":7705,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/7679\/revisions\/7705"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=7679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=7679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=7679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}