Frequently Asked Questions

About Stormfield

What is Stormfield Capital?

Stormfield Capital is a partner-led real estate credit manager headquartered in Southport, Connecticut. Founded in 2015, the firm specializes in short-term, first-lien bridge loans on residential and commercial investment properties. The founding partners are directly involved in every credit decision, from initial underwriting through final payoff. Stormfield has deployed over $2B across 2,000+ transactions.

Is Stormfield Capital a direct lender?

Yes. Stormfield is a balance sheet lender with fully discretionary capital. All underwriting, credit decisions, and servicing are handled in-house from initial inquiry through payoff. No third-party credit approvals, no capital markets dependencies, and no loan sales or handoffs after closing.

How is Stormfield different from other private lenders?

Many private lenders rely on outside capital or sell loans after closing, which can delay funding or create uncertainty. Stormfield lends from its own balance sheet, underwrites every loan internally, and manages servicing in-house. This enables true speed, flexibility, and reliability, especially for borrowers needing bridge or fix and flip financing on a tight timeline.

What loan programs does Stormfield offer?

Stormfield offers residential programs including fix and flip, residential bridge, new construction, and multifamily value-add loans. Commercial programs include condo inventory, multifamily stabilization, NNN lease retail, and bridge-to-permanent financing. Loan sizes range from $200,000 to $35,000,000.

What states does Stormfield lend in?

Stormfield has an active lending footprint across 30+ states with deep market expertise in the Northeast. Active markets include all Connecticut and Vermont counties; New York City and surrounding counties; Massachusetts Greater Boston; all New Jersey counties; Pennsylvania; Maryland; Virginia and D.C.; Maine and New Hampshire; Florida; Colorado; Texas; North Carolina; South Carolina; and Idaho. Contact us to confirm availability in a specific market.

What types of properties does Stormfield lend on?

Stormfield lends on non-owner-occupied investment properties including single-family homes, small multifamily (2-4 units), larger multifamily, mixed-use, condo inventory projects, NNN retail properties, and commercial transitional assets. All loans are for investment purposes only.

What properties will Stormfield not lend on?

Stormfield does not lend on primary residences, owner-occupied properties, assisted living facilities, vacant land, churches, restaurants, horizontal development projects, or pre-development projects.

Loan Basics

What is a bridge loan?

A bridge loan is a short-term, first-lien mortgage used to finance a real estate acquisition or transitional property while the borrower executes a business plan such as a renovation, lease-up, or sale. Bridge loans are typically 12 to 24 months in duration and interest-only. At Stormfield, every bridge loan carries a first-lien position with no subordinate debt.

What is a fix and flip loan?

A fix and flip loan is a short-term bridge loan used to acquire and renovate a residential investment property for resale. Stormfield funds a portion of both the purchase price and the renovation budget, with funds disbursed in stages as work is completed. The loan is typically repaid through the sale of the renovated property within 12 months.

What is the difference between a hard money loan and a bridge loan?

The terms are often used interchangeably. Hard money loans are typically asset-based and used for fast, flexible financing on value-add or distressed properties. Bridge loans are short-term loans designed to bridge the gap between acquisition and a permanent financing event such as a refinance or sale. At Stormfield, we take a hybrid approach, combining the speed and flexibility of a hard money lender with institutional underwriting discipline.

What are Stormfield's lending limits?

Stormfield originates loans from $200,000 to $35,000,000. Loan sizing depends on property value, borrower profile, and the specifics of the business plan.

How quickly can Stormfield close?

Stormfield routinely closes loans in 5 to 10 business days once all required documentation is received. Our entire origination, underwriting, and servicing process is handled in-house. For time-sensitive deals such as auction purchases or maturing debt, we can issue a soft quote within 24 hours.

Are your loans interest-only?

Yes. Stormfield's bridge loans are interest-only for the full term. There are no amortizing principal payments during the loan period. The loan balance is repaid in full at maturity, typically through a sale or refinance.

Are there prepayment penalties?

Prepayment terms vary by loan and are discussed during the application and structuring process. Many Stormfield loans offer flexible prepayment options.

Will Stormfield roll loan costs into the loan?

In many cases, yes. Origination fees and certain loan costs can be rolled into the loan balance depending on the loan-to-value, borrower profile, and specific deal circumstances.

Does Stormfield offer discount pricing for returning borrowers?

Yes. Stormfield values repeat borrowers and brokers. Experienced borrowers with a track record of successful Stormfield loans may be eligible for preferred pricing.

Qualifying & Underwriting

Will Stormfield lend to an individual?

No. Stormfield lends to business entities only, LLCs or corporations. Loans are not available to individuals in their personal capacity.

Are personal guarantees required?

Yes, in almost all cases. Stormfield requires personal guarantees from the principals of the borrowing entity.

Does Stormfield lend on primary residences?

No. All Stormfield loans are for investment purposes only on non-owner-occupied properties. Stormfield does not originate consumer mortgage loans.

Will Stormfield take a second lien position?

No. Stormfield is a first-lien lender only. All loans in the portfolio hold a senior secured first-lien mortgage position with no subordinate debt.

What credit score is required?

Stormfield is primarily an asset-based lender. While credit is reviewed as part of underwriting, there is no fixed minimum credit score threshold. A strong asset, sound business plan, sufficient liquidity, and demonstrated ability to service debt carry more weight than a specific score.

What income or cash flow requirements apply?

Stormfield does not have set income requirements for the borrower. However, the borrower and/or the asset must be able to demonstrate the ability to pay scheduled interest throughout the loan term.

What factors does Stormfield consider in underwriting?

Key underwriting factors include property value and condition, after-repair value (ARV) or stabilized value, renovation scope and budget, borrower liquidity and net worth, real estate experience, guarantor credit and background, entity structure, and exit strategy. Stormfield's investment committee reviews every loan regardless of size.

Does Stormfield offer financing for first-time investors?

Yes. Stormfield has funded many first-time investors who present a well-structured scope of work, a clear exit strategy, and a qualified contractor. For newer investors, Stormfield may apply a slightly more conservative leverage point or require additional reserves.

Does Stormfield offer new construction financing?

Yes, but primarily for experienced contractors and builders with a demonstrated track record. New construction loans are subject to additional underwriting requirements and staged draw disbursements tied to construction progress.

Fix & Flip

How does a fix and flip loan work at Stormfield?

Stormfield provides short-term, interest-only loans to help real estate investors acquire, renovate, and resell residential properties. The loan funds a portion of the purchase price at closing, and renovation funds are disbursed in stages as work is completed and inspected. The loan is typically repaid through a property sale within 12 months. All underwriting and draw disbursements are managed in-house.

How much will Stormfield lend on a fix and flip?

Stormfield can lend up to 90% of the purchase price and 100% of renovation costs, with total loan exposure generally capped at 65 to 75% of the after-repair value (ARV). Actual leverage depends on the deal, borrower experience, and liquidity.

Can I get a fix and flip loan with no money down?

Stormfield typically requires borrowers to contribute a portion of the purchase price to demonstrate commitment. Depending on experience, liquidity, and deal structure, creative solutions such as cross-collateralization may minimize cash required at closing.

Does Stormfield offer fix and flip loans in the Northeast?

Yes. Stormfield provides fix and flip loans throughout Connecticut, New York, Massachusetts, Rhode Island, New Hampshire, Vermont, and Maine, with a concentrated focus on the Greater New York metro, Connecticut, and Massachusetts markets.

How are construction draws handled?

Renovation funds are held in a draw reserve and disbursed in stages as work is completed and verified. Draw requests are submitted to Stormfield's servicing department and processed in-house. Details are available at stormfieldcapital.com/draw-request/.

Bridge & Commercial

What commercial property types does Stormfield lend on?

Stormfield originates commercial bridge loans on multifamily properties (5+ units), condo inventory projects, NNN lease retail properties, and mixed-use transitional assets. The firm focuses on bridge-to-permanent financing scenarios where a property is transitional, undergoing lease-up, or being repositioned for long-term agency or CMBS debt.

Does Stormfield lend on properties that do not yet cash flow?

Yes. Stormfield specializes in transitional real estate financing, including properties that are not yet stabilized. Whether a property is vacant, under renovation, or recently acquired, underwriting is based on the borrower's business plan and the future stabilized value, not current income.

Can Stormfield provide bridge financing for a 1031 exchange?

Yes. Stormfield provides bridge financing for 1031 exchange buyers who need to close quickly or are acquiring value-add assets that do not yet qualify for permanent financing. Stormfield can structure interest-only loans with flexible terms to help buyers meet IRS deadlines while repositioning the acquired asset.

Brokers

Does Stormfield work with mortgage brokers?

Yes. Stormfield has an active broker program and values broker relationships as a key origination channel. Brokers who register gain access to the full loan product suite, direct communication with the origination team, and competitive compensation. Register at stormfieldcapital.com/new-brokers/.

How does Stormfield support brokers?

Stormfield's origination team works directly with brokers from initial quote through closing. We provide fast term sheets, clear communication at every stage, and a reliable closing process. Brokers can reach the team directly with no automated queues or ticketing systems.

Can a broker get a soft quote for their client?

Yes. Brokers and borrowers can generate an instant pre-qualification at app.stormfieldcapital.com/prequal by entering property address, purchase price, renovation budget, and ARV. The tool produces indicative terms and a pre-qualification letter in minutes.

Loan Servicing

Who services my loan after closing?

Stormfield services every loan in-house through payoff. There are no third-party servicer transfers. The same team that underwrote and closed your loan manages payments, draws, payoffs, and any questions that arise during the term.

How do I make a payment on my Stormfield loan?

Stormfield accepts ACH automatic payments, wire transfers, and checks. ACH is the recommended method. Download the ACH Authorization Form or contact servicing@stormfieldcapital.com. Checks should be made payable to Stormfield Capital Funding I, LLC, P.O. Box 25351, New York, NY 10087-5351.

How do I request a payoff?

Email payoffs@stormfieldcapital.com. Standard turnaround is 2 to 3 business days. Expedited payoffs are available for a fee. Lien releases are issued 45 days after full payoff.

Who do I contact for servicing questions?

Contact Stormfield's servicing team at servicing@stormfieldcapital.com or (203) 442-4412, Monday through Friday, 8:00 AM to 5:00 PM EST. Full servicing information is at stormfieldcapital.com/loan-servicing/.