Stormfield Funded a $7,535,000 Multifamily Bridge Loan in Hendersonville, NC

Stormfield Capital funded a $7,535,000 multifamily bridge loan to support the purchase and value-add repositioning of a 67-unit multifamily investment property in Hendersonville, North Carolina, located within the Asheville metropolitan area. The experienced multifamily operator required acquisition bridge financing to pursue a value-add strategy in a growing secondary Southeast market with favorable supply-demand dynamics. The loan was structured at 63% LTV. The sponsor’s established multifamily track record, experienced management platform, and the Asheville MSA’s strong population growth and rental demand fundamentals supported Stormfield’s decision to fund this large-scale value-add acquisition.