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Loan Amount
$589,100
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LTV
64%
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Term
12 Months
Transaction Overview
Stormfield Capital funded a $589,100 fix and flip loan secured by a single-family investment property in Fairfield, Connecticut. The repeat Stormfield sponsor, with established experience executing value-add projects in the Fairfield submarket, required acquisition financing and a renovation holdback to purchase and rehabilitate an older single-family home. The loan was structured at 65% LTV against a $599,000 purchase price, with a $50,000 rehab holdback targeting an $841,750 ARV. The sponsor’s demonstrated local market experience, strong execution track record, and the property’s location in a highly competitive Fairfield County submarket supported the financing decision.