Stormfield Funded a $1,200,000 Residential Bridge Loan in Philadelphia, PA.

Stormfield Capital funded a $1,200,000 cash-out bridge loan secured by a newly-built single-family property in Philadelphia’s Logan Square neighborhood. The 18-month facility allowed the borrower to access equity in the recently completed asset for further investment. The loan was structured at approximately 59% LTV against a $2,022,750 underwritten value, reflecting disciplined sizing relative to the property’s stabilized, as-built condition and market position. The property’s recent construction and prime Center City-area location helped support the collateral position, while Stormfield’s ability to close quickly on a straightforward cash-out structure supported a decision consistent with a disciplined approach to stabilized urban collateral.