Stormfield Funded a $1,748,500 Bridge to Perm Loan in Jewett City, CT.

Stormfield Capital funded a $1,748,500 loan to refinance a self-storage facility in Jewett City, Connecticut, for a repeat Stormfield borrower with extensive experience in the asset class. The 12-month facility was structured at approximately 65% LTV against a $2,706,750 underwritten value, reflecting disciplined sizing relative to the property’s improving occupancy profile. The sponsor implemented a capital plan that brought the property from very low occupancy to approximately 90% occupied, with time needed to increase rents ahead of permanent financing. The borrower’s experience and track record with Stormfield supported a lending decision consistent with a disciplined approach to stabilization-stage bridge financing.