Case Study | Tallahassee, FL

Investment Type

Acquisition Financing / Renovation Financing

Property Description

Multifamily

Location

Tallahassee, FL

Loan Amount

$7,850,000

Seasoned real estate investor required a bridge loan to acquire, renovate and stabilize a multifamily investment property. When the investor acquired the property, the rents were under market and the units were outdated. Stormfield’s loan allowed the sponsor to acquire the property below market value and make cosmetic upgrades to increase rents.

Multifamily property in Tallahassee, FL

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