Bloomia pays $4.9 million on bridge loan, takes $1 million note
On April 15, 2026, Bloomia Holdings' borrowers made a $4,900,000 initial payment toward a discounted prepayment of their bridge loan under a Second Amendment. Any unpaid portion accrues 12% interest and must be paid by May 27, 2026, or the bridge loan balance will be reduced based on the unpaid share. The company also borrowed $1,000,000 from Gary Kohler under an unsecured note at a fixed 11.5% rate, which it used to fund the payment.
Key points
- Initial payment of $4,900,000 made April 15, 2026, against a $7,330,000 discounted prepayment amount; the minimum required was $4,800,000.
- Unpaid discounted prepayment balance accrues 12% interest from April 16, 2026, with full payment due by May 27, 2026.
- If the balance is not paid by May 27, 2026, the $15,097,053 bridge loan balance is reduced in proportion to the unpaid amount.
- Unsecured $1,000,000 promissory note from Gary Kohler dated April 1, 2026, bears 11.5% interest and matures March 31, 2029.
The filing
Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 17, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.