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Loan Amount
$291,000
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LTV
70%
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Term
12 Months
Transaction Overview
Stormfield Capital funded a $291,000 fix and flip loan to support the acquisition and renovation of a duplex investment property in New Britain, Connecticut. The property carried open permits and violations from the prior owner, a title complexity that placed conventional financing out of reach. Stormfield structured the loan with a dedicated reserve to resolve the outstanding permit and violation items post-closing. The loan was structured at 70% LTV against a $414,500 ARV, on a $290,000 purchase price with a $30,000 renovation scope. The sponsor’s demonstrated investment experience and sound property condition supported the lending decision.
