Stormfield Funded a $215,000 Fix and Flip Loan in Catskill, NY

Stormfield funded a $215,000 fix and flip loan for an experienced real estate investor acquiring and renovating a single-family property in Catskill, NY, a high-demand Hudson Valley tourist destination. The sponsor, a repeat direct borrower with a proven track record in the region, is using proceeds to purchase and rehabilitate the distressed asset, targeting a stabilized ARV of $330,500. The borrower contributed approximately 40% down plus closing costs at acquisition. The 64.13% LTV reflects strong equity protection.