Stormfield Funded a $2,100,000 Multifamily Value-Add Loan in St. Petersburg, FL.

Stormfield Capital funded a $2,100,000 loan for a repeat Stormfield sponsorship group’s value-add renovation of a sub-25-unit multifamily property spanning two adjacent parcels in St. Petersburg, Florida, treated as a single collateral pool. The 12-month facility was structured at approximately 65% LTV against a $3,244,750 underwritten value, reflecting disciplined sizing relative to the scope of renovation work planned. The heavier scope of work carries typical execution risk, offset by the sponsor’s extensive experience with similar sub-25-unit projects. The sponsor’s track record with Stormfield supported a lending decision consistent with a disciplined approach to value-add multifamily financing.