Stormfield Funded a $7,615,000 Bridge Loan in Southampton, NY

Stormfield Capital funded a $7,615,000 bridge loan to support the acquisition of a 24-unit multifamily investment property in Southampton, New York, situated adjacent to Shinnecock Hills Golf Club in the Hamptons. The property carries pre-development potential for townhome redevelopment, with entitlements pending at the time of closing. The loan was structured at 60% LTV, with the collateral underwritten on the strength of the existing asset and the property’s exceptional Hamptons location. The sponsor’s local market experience, the strength of the existing multifamily collateral, and the pre-development upside potential supported the lending decision.