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Loan Amount
$5,502,250
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LTV
65%
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Term
18 Months
Transaction Overview
Stormfield Capital funded a $5,502,250 fix and flip loan to support the acquisition and substantial renovation of a 4-family investment property in the Carroll Gardens neighborhood of Brooklyn, New York. The transaction involved a heavy renovation scope requiring an experienced sponsor with demonstrated capability to manage a large-scale multifamily rehab project in a competitive New York City submarket. The loan was structured at 65% LTV. The sponsor’s established track record, local market expertise in Brooklyn, and the property’s location in one of the borough’s most sought-after neighborhoods supported Stormfield’s decision to fund this value-add acquisition.
