Manufactured home lender Bingham Financial Services will merge with commercial mortgage lender Bloomfield Acceptance Co.

The deal, set to close by Feb. 28, would merge the stock of Bloomfield Acceptance and a mortgage servicing subsidiary with two newly formed subsidiaries of Bingham.

Bloomfield is a four-year-old nationwide lender that specializes in manufactured home communities.

The company originated $267 million in loans in 1997.

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