Stormfield Funded a $450,000 Cash-Out Bridge Loan in The Bronx, NY

Stormfield Capital funded a $450,000 cash-out bridge loan secured by a fully occupied mixed-use investment property in the Pelham Bay neighborhood of The Bronx, New York. The experienced local sponsor required bridge financing to recoup equity from a stabilized, income-producing asset. The loan was structured at 39% LTV against an appraised value of $1,075,000, providing exceptional collateral protection and substantial equity cushion for the lender. The sponsor’s demonstrated experience in the local submarket, the property’s full occupancy, and the conservative leverage structure supported a disciplined and well-secured lending decision.