Stormfield Funded a $3,250,000 Fix and Flip Loan in North Wildwood, NJ

Stormfield Capital funded a $3,250,000 fix and flip loan to support the conversion of a motel property into residential condominium units in North Wildwood, New Jersey. The 12-month facility incorporated $815,000 in reserves to support the per-unit conversion scope across the two-parcel site. The loan was structured at 45% LTV, reflecting conservative sizing relative to the property’s converted-use potential. The unconventional motel-to-residential conversion structure required a lender comfortable underwriting a change-of-use project outside conventional financing parameters. Stormfield’s flexibility in structuring financing around this non-traditional collateral type supported the decision to fund the transaction.