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Loan Amount
$3,650,000
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LTV
60.16%
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Term
12 Months
Transaction Overview
Stormfield Capital funded a $3,650,000 bridge loan for the acquisition of a single-family property in Orient, New York. The 12-month facility was cross-collateralized with an additional residential property to strengthen the collateral position, allowing the sponsor to secure the purchase without waiting on a separate financing source. The loan was structured at approximately 60% LTV against a $6,067,250 underwritten value, reflecting a conservative leverage position supported by the additional pledged collateral. The sponsor’s experience and the strength of the underlying asset type supported a lending decision consistent with Stormfield’s disciplined approach to well-collateralized acquisition financing.