Stormfield Funded a $2,100,580 Fix and Flip Loan in Jersey City, NJ.

Stormfield Capital funded a $2,100,580 fix and flip loan for the purchase of a large residential property in Jersey City, New Jersey, to be converted into condominium units, for an experienced local investor. The 12-month facility was structured at approximately 68% LTV against a $3,080,000 underwritten value, reflecting sizing consistent with the heavier scope of work involved in the condo conversion project. The sponsor’s experience, combined with the property’s densely populated urban location, helped offset execution risk on this transaction. The disciplined structure supported a lending decision consistent with a prudent approach to conversion financing in this market.