Auto industry

IPass Loans Guide: Why Should You Take Out an Emergency Payday Loan?

Why Should You Get an Emergency Loan? There are a number of good reasons why personal loans can be the ideal option for you. Here are some of them: 1. The emergency loan is a viable option to pay medical bills. If you’re currently dealing with medical issues that require your admission into a medical facility or […]

Auto industry

Direct lender closes loan on Denver mixed-use building

“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, […]

Auto industry

Comprehensive Guide To Instant Payday Loans Online With Guaranteed Approval

1. Requirements Do you know what’s the biggest mistake one can do before applying for a loan? It’s getting a random amount without assessing your real situation at this Payday Loan. You will need to do some calculations in order to get a clear idea about how much loan you actually need. A lot of […]

Auto industry

Direct lender closes loan on Cleveland industrial building

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 […]

Auto industry

Direct Lender Closes Loan on Cleveland Industrial Building | State

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 […]

Auto industry

Fed candidate Bloom Raskin pledges not to ‘direct lend’

WASHINGTON — Pushing back against criticism, a key nominee for the Federal Reserve Board of Governors told a Senate panel on Thursday that she won’t make it harder for an industry to get bank loans. President Joe Biden has named Sarah Bloom Raskin, a former Fed governor and assistant treasury secretary, as the Fed’s vice […]

Auto industry

Golub Capital Chairman Talks Direct Lender’s ‘Best Year Ever’ and What’s Next

Direct lender Golub Capital nearly tripled its lending last year to more than $36 billion. Private equity firms are increasingly turning to direct lenders for loans formerly handled by banks. David Golub sees business continuing to boom in 2022, even as rates rise. Direct lender Golub Capital has just wrapped up a record year fueled […]

Auto industry

Direct Lender Closes Loan on Midwest Industrial Complex | State

BIRMINGHAM, Mich., December 22, 2021 /PRNewswire/ — Bloomfield Capital has announced the closing of a $6.7 million senior bridge loan on three industrial manufacturing buildings located in Macomb County, MI. The buildings are owner-occupied and serve as headquarters and manufacturing facilities for the operations of the Sponsor. The Promoter, a tier 1 automotive supplier, benefited […]

Auto industry

Direct lender closes loan on Midwest industrial complex

BIRMINGHAM, Mich., December 22, 2021 /PRNewswire/ — Bloomfield Capital has announced the closing of a $6.7 million senior bridge loan on three industrial manufacturing buildings located in Macomb County, MI. The buildings are owner-occupied and serve as headquarters and manufacturing facilities for the operations of the Sponsor. The Promoter, a tier 1 automotive supplier, benefited […]

Auto industry

Senate bill would prevent SBA from becoming a direct lender | 2021-12-14

Sen. Tim Scott on Tuesday introduced a bill 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 issuing loans under the 7(a) program. “We support all efforts to prevent the SBA from becoming a […]

Auto industry

Direct lender closes in Baltimore, MD, Seaport Office Tower

The property is exceptionally well positioned for tenants relocating from the State Center area to Baltimore’s CBD. Tweet that The property is uniquely positioned for leases to state agencies, which are expected to move from the State Center area to the CBD after from Maryland Downtown Revitalization Plan 2019 Baltimore. The Sponsor expects to intercept […]

Auto industry

National direct lender closes loan to complete Portland, ME condominium project

Portland, Maine, November 2, 2021 /PRNewswire/ — Bloomfield Capital has announced the closing of a $4.0 million mezzanine loan for the construction of a condominium in from Portland up-and-coming district of Munjoy Hill. The completed four-story property will feature 45 units on a below-grade garage. The developer secured a senior construction loan from a regional […]

Auto industry

SBA direct loans are not a threat to private lenders

In March of this year, a campaign was launched by many national, state and local professional organizations to respond to the 40-year low in new start-ups. One of the recommendations was for the US Small Business Administration to provide start-up microloans of less than $20,000 directly to rural and underserved communities. The House Budget Reconciliation […]

Auto industry

Kennedy, Scott and colleagues oppose Democratic plan that would make SBA a direct lender and hurt job creators – Press releases

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

Auto industry

Ares CEO Sees Direct Funding Deals With Lenders Hit $5 Billion

Management of Aresa leading player in private lending, is now underwriting deals of up to $3 billion and could 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 at a higher […]

Auto industry

Direct Lender vs. Mortgage Broker

Editorial independence We want to help you make more informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and allow us to earn a referral commission. For more information, see How we make money. This is one of the most important decisions you will make as […]

Auto industry

Direct lender HPS provides Bombardier with $1 billion line of credit

Bomber Inc. secured a $1 billion credit facility from direct lending firm HPS Investment Partners LLC as the Canadian train and aircraft maker waits to complete the sale of its train manufacturing business. The loan helps the Montreal-based company fill a potential funding gap as it seeks regulatory approvals for the sale of its rail […]

Auto industry

Exclusive: In case of default, US direct lender Colchis Capital closes its funds

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

Auto industry

EXCLUSIVE – In case of default, US direct lender Colchis Capital closes its funds

Band Lawrence Delevingne BOSTON, April 7 (Reuters) – San Francisco-based Colchis Capital Management LP, a pioneer in online direct lending platforms, is cutting its major funds as disruptions from the novel coronavirus began to hit its consumer and home loans, according to documents reviewed by Reuters. “The biggest risk to Colchis Income Funds is unemployment […]