Stormfield Funded a $877,500 Fix and Flip Loan in Somerville, MA.

Stormfield Capital funded a $877,500 bridge loan for the acquisition of a two-unit multifamily property in Somerville, Massachusetts, part of the greater Boston market. The 12-month facility was structured with sizing appropriate for the strength of the surrounding submarket. The acquisition carries typical execution risk associated with a multi-unit purchase, offset by the sponsor’s real estate investment experience and the strong performance of the local housing market overall. The borrower’s track record, combined with the submarket’s favorable fundamentals, supported a financing solution for this well-located acquisition close to public transit.