What is Stormfield Capital and what services do you provide?
Stormfield Capital is a leading real estate financing company that specializes in fix and flip loans and commercial bridge loans. We offer tailored financial solutions to help investors and property owners succeed in the competitive real estate market.
What is a fix and flip loan?
A fix and flip loan is a short-term financing option designed for real estate investors looking to purchase, renovate, and sell properties for profit. Stormfield Capital provides funding for both the acquisition and renovation stages of your fix and flip project.
What is a commercial bridge loan?
A commercial bridge loan is a temporary financing solution used to bridge the gap between a real estate transaction’s immediate funding needs and its long-term financing. It is particularly useful for investors acquiring or refinancing commercial properties.
How does the loan application process work?
Our loan application process is streamlined and straightforward. You can start by contacting our dedicated investment specialists. We’ll review the submission, assess the needs, and let you know what we can or cannot offer.
What factors are considered for loan approval?
While specific criteria may vary, we typically consider factors such as property value, renovation plans, liquidity, credit and experience as a real estate investor.
What types of properties do you lend on?
We provide financing for a wide range of properties, including single-family homes, multi-family properties, commercial properties, and more. Contact us to discuss your specific property and financing needs.
Are there any properties you do not lend on?
We do not lend on primary residences, assisted living facilities, vacant land, churches, restaurants, horizontal development projects and pre-development projects.
How quickly can I close?
We understand the importance of timely funding. Once we have all the necessary information, our team strives to provide swift loan approvals. Funding timelines can vary depending on the complexity of the project and the documentation required, but we have the ability to close loans in as little as 5-10 business days.
Do you offer financing for first-time investors?
Yes, we welcome both seasoned investors and first-time investors. Our team is here to offer guidance and support, regardless of your experience level.
Are there prepayment penalties?
Our loan terms and conditions may vary, but we strive to provide flexible options. We can discuss prepayment penalties and other terms during the loan application process.
Will you lend to an individual?
No, we only lend to an entity – LLC or Corporation.
Do you require personal guarantees of the principals?
Yes, in almost all cases.
Do you lend against primary residences?
No, we only lend to investors. All of our loans must be non-owner-occupied.
Will you take a 2nd lien position on a loan?
No, we are a 1st lien lender only.
Do you offer new construction financing?
Yes, but only to experienced contractors or builders.
Will you roll loan costs into the loan?
Yes, but it depends upon the particular circumstances of the loan and individual circumstances of the borrower.
Do you offer discount pricing for return borrowers?
Yes, we value repeat customers.
What income requirements do you require?
We do not have set income requirements for the borrower, but the borrower and/or the asset must be able to demonstrate the ability to pay scheduled interest.
What are your lending limits?
$200,000 – $20,000,000
What states do you lend in?
Connecticut: Stormfield lends in all counties in Connecticut: Hartford, Fairfield, New Haven, Storrs, Litchfield, Middlesex, Essex, Tolland, New London and Wyndham.
New York: Stormfield lends in New York City (all boroughs), Nasssau, Orange, Rockland, Suffolk, and Westchester, Putnam, Saratoga, Albany, Dutchess and Richmond counties.
New Jersey: Stormfield lends in Atlantic, Bergen, Burlington, Camden, Cape May, Cumberland, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Salem, Somerset, Sussex, Union, Warren.
Florida: Stormfield lends in Miami-Dade, Broward / Fort Lauderdale, Palm Beach, Hillsborough / Tampa, Orange / St. Johns, Duval / Jacksonville, Pinellas / Clearwater, Sarasota, Collier / East Naples, Indian River / Vero Beach, and Monroe / Key West counties.
Maryland: Stormfield lends in Anne Arundel, Baltimore, Baltimore City, Cecil, Charles, Harford, Howard, Montgomery, and Prince George.
Massachusetts: Stormfield lends in the greater Boston area; Suffolk, Norfolk, Essex, Middlesex, and Plymouth.
Pennsylvania: Stormfield lends in Berks, Bucks, Chester, Delaware, Lehigh, Montgomery, Northampton, and Philadelphia.
Virginia & D.C.: Stormfield lends in Arlington, Alexandria, Fairfax, Washington D.C.
Vermont: Stormfield lends in all counties in Vermont.
New Hampshire: Stormfield lends in all counties in New Hampshire.
Maine: Stormfield lends in all counties in Maine.
Colorado: Stormfield lends in El Paso / Colorado Springs, Denver, Arapahoe, Jefferson, Adams, Larimer and Boulder counties.
Texas: Stormfield lends in Harris / Houston, Dallas, Tarrant / Fort Worth, Bexar / San Antonio, Travis / Austin, Collin / McKinney counties.
North Carolina: Stormfield lends in Mecklenburg / Charlotte, Wake / Raleigh, Guilford / Greensboro, Forsyth / Winston-Salem, Cumberland / Fayetteville, and Durham counties.
South Carolina: Stormfield lends in Greenville, Richland / Columbia, Charleston, Horry / Conway, Spartanburg, and Lexington counties.
Idaho: Stormfield lends in Ada / Boise, Canyon / Caldwell, Kootenai / Coeur d’Alene, and Bonneville / Idaho Falls counties.
We’re committed to providing top-notch service and support to ensure a smooth and successful loan experience.
If you have any further questions or need assistance, please don’t hesitate to reach out to us.