Stormfield Funded a $700,000 Cash-Out Bridge Loan in Staten Island, NY

Stormfield Capital funded a $700,000 cash-out bridge loan secured by two free-and-clear buildable lots in Staten Island, New York. To strengthen the collateral package, the sponsor pledged a 4-unit multifamily property as additional security, resulting in a cross-collateral structure with a blended LTV of 37%. The 6-month term balanced the sponsor’s financing timeline with substantial collateral protection for the lender. The sponsor’s local market experience, established track record with Stormfield, and the depth of equity across the collateral pool supported a conservative and well-structured lending decision.