Stormfield Funded a $575,000 Residential Bridge Loan in Toms River, NJ.

Stormfield Capital funded a $575,000 purchase-money loan for a waterfront single-family property in Toms River, New Jersey, for a sponsor with an existing vested interest in the immediate neighboring area. The 12-month facility was structured at approximately 65% LTV against an $890,000 underwritten value, reflecting sizing consistent with a strong-market, top-of-value acquisition for this asset type. The sponsor’s familiarity with the immediate area and cash contribution to the purchase helped offset market-related risk on the transaction overall. The waterfront asset type and location supported a lending decision consistent with a disciplined approach to residential acquisition financing.