Bloomfield Capital Ends 2017 with Three Closings, Expanded Investment Team
DETROIT, January 8, 2018--- Bloomfield Capital, a national direct lender and equity investor announced today the closing of three transactions totaling approximately $7.4 million. The Birmingham, Michigan-based capital provider closed all three deals in the final days of 2017. The transactions included both retail and industrial properties located in Michigan, Illinois, and Indiana. The financings consisted of a preferred equity investment and two note purchases.
“The closings of these three, highly structured transactions speaks to the knowledge base, experience, and dedication of our team,” stated Nicholas Coburn, Founder and Managing Partner of Bloomfield Capital. “Over the past ten years, we’ve become known for our ability to deliver exceptional results to our borrowers by executing efficiently on fast-moving transactions and are proud to have closed these deals before year-end.”
In the final month of 2017, Bloomfield also expanded its investment team with the addition of Nevan Shokar as an Associate. He will be based in the firm’s Birmingham office and will play an integral role in sourcing, underwriting, and executing new investment opportunities. Mr. Shokar joins Bloomfield from Miller Capital Advisory, where he was involved with placing investments for the largest pension fund in the country, most notably the acquisition of Miracle Mile Shops in Las Vegas. He previously worked on the investment team at Welltower where he acquired, developed, managed, and repositioned over $700 million of senior living assets. Mr. Shokar graduated from the Stephen M. Ross School of Business at the University of Michigan with a bachelor’s degree in business administration and remains active with their alumni network.
Coburn stated, “We are excited to have Nevan join our growing team and about the experience and background he brings to the table. 2017 was a milestone year for Bloomfield with the hiring of several new employees and the opening of two new offices. We look forward to another successful year in 2018.”
About Bloomfield Capital
Launched in 2008, Bloomfield Capital is a direct lender and equity investor in commercial real estate assets nationwide. With offices in Detroit, Denver, Chicago, Greenwich, and Portland, Maine, and over $200 million in assets under management (AUM) as of Jan. 8, 2018, the firm’s managing team is led by Nicholas Coburn, Jason Jarjosa, and Renee Lewis. Bloomfield Capital's team draws from a broad base of commercial real estate and finance experience and invests in commercial real estate through the origination or acquisition of high-yield credit opportunities and select joint-venture equity investments in the $1-20 million range.