Stormfield Funded a $595,000 Multifamily Bridge Loan in Derby, CT

Stormfield Capital funded a $595,000 multifamily bridge loan to support the acquisition and cosmetic renovation of a 5-unit multifamily investment property in Derby, Connecticut. The highly experienced multifamily investor and operator, with a substantial regional portfolio of properties and units, required bridge acquisition financing to purchase, renovate, and refinance the older-construction asset. The renovation scope of $200,000 targets an $850,000 ARV from a $500,000 purchase price, with a conventional refinance exit planned upon stabilization. The loan was structured at 68% LTV. The sponsor’s extensive management track record, current occupancy, and clear refinance exit strategy supported the lending decision.