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Loan Amount
$219,000
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LTV
59.03%
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Term
12 Months
Transaction Overview
Stormfield Capital funded a $219,000 bridge loan secured by a single-family investment property with significant land acreage in Creedmoor, North Carolina, part of the greater Durham market. The 12-month facility allowed the borrower to pay off existing debt and access equity in the asset, which includes a private pond as a notable land feature. The loan was structured with a conservative leverage position relative to the property’s underlying land value. The scale and character of the collateral, combined with Stormfield’s ability to move quickly on a straightforward payoff-and-cash-out structure, supported the lending decision.
