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Loan Amount
$284,750
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LTV
55.86%
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Term
12 Months
Transaction Overview
Stormfield Capital funded a $284,750 new construction loan for the development of a single-family home in Keansburg, New Jersey. The 12-month facility supported a repeat Stormfield borrower’s acquisition of a lot with already-approved plans for a home of roughly 1,600 square feet. The loan was structured at approximately 56% LTV against a $509,750 underwritten value, reflecting the higher leverage typical of construction financing. The borrower’s track record with Stormfield and the certainty of approved plans helped offset construction-stage risk, supporting a decision that reflects Stormfield’s ability to move quickly for repeat borrowers on straightforward builds.
