Stormfield Funded a $17,300,000 Bridge to Perm Loan in New York, NY.

Stormfield Capital funded a $17,300,000 loan to refinance existing debt secured by a parking garage and an adjacent commercial office and retail building in New York, New York, treated as a single collateral pool. The 18-month facility was structured at approximately 64% LTV against a $26,882,250 underwritten value, reflecting disciplined sizing relative to the strength of the combined collateral. The rate-and-term structure and well-located Manhattan-area collateral helped support the transaction, while Stormfield’s ability to execute on a sizable, complex commercial refinance supported the lending decision. The disciplined leverage reflects Stormfield’s conservative approach to well-collateralized commercial financing on larger transactions.