Bloomfield Capital, a national direct lender and equity investor, announced Tuesday the closing of a $13 million senior bridge loan on a signature Class A office building in Baltimore’s seaport.
The institutionally backed sponsor used loan proceeds to refinance a maturing bank loan and provide funds for further lease up at the property.
The 350,000-square-foot asset has 13 floors of office space, 450 parking spaces, a fully renovated lobby, a fully equipped fitness center, bike storage for commuters and a conference center, reflecting significant investments by the sponsor in their ongoing efforts to reposition the property.
Existing tenants include law firms and tech companies. There are also numerous retail, restaurant, and well-being amenities within a 1.5-block radius.