Stormfield Funded a $1,086,000 Multifamily Bridge Loan in Tampa, FL

Stormfield Capital funded a $1,086,000 multifamily bridge loan secured by a free-and-clear 12-unit multifamily investment property in Tampa, Florida. The experienced sponsor acquired the property in 2024 and subsequently completed a comprehensive property-wide renovation funded entirely with personal capital, establishing a substantial equity position prior to closing. The cash-out bridge loan allowed the sponsor to recoup a portion of that invested equity while retaining meaningful collateral coverage. The loan was structured at 60% LTV. The sponsor’s track record as an active multifamily owner-operator, significant equity contribution, and the property’s renovated condition supported a conservative and well-structured lending decision.