Stormfield Funded a $346,000 Fix and Flip Loan in Somersworth, NH

Stormfield Capital funded a $346,000 fix and flip loan secured by a single-family investment property in Somersworth, New Hampshire. The sponsor, a locally active real estate investor with recent comparable project exits in the area, required fast closing to acquire the property and fund a full cosmetic renovation. The loan was structured at 84% LTC against a $320,000 purchase price and $90,000 rehab budget, targeting a $513,250 ARV. The sponsor’s demonstrated experience with like-kind projects, meaningful equity contribution at closing, and the property’s location in a competitive Southern New Hampshire market supported the lending decision.