Stormfield Funded a $405,000 Fix and Flip Loan in Tampa, FL

Stormfield funded a $405,000 fix and flip loan for the purchase and extensive renovation of a single-family property in Tampa, FL. The transaction involved a tenants-in-occupancy closing with no interior access at underwriting, a financing challenge that traditional lenders typically decline. The sponsor is a repeat Stormfield borrower with demonstrated experience and cash to close. The loan is sized to 64.77% LTV against a stabilized value of $625,250, with a $180,000 renovation holdback in place.