Stormfield funded a $238k Fix and Flip Loan in Hartford, CT

Stormfield funded a $237,950 fix and flip loan for the purchase and renovation of a duplex investment property in Hartford, CT. The property’s interior is generally in rentable condition, and the business plan focuses on exterior repairs to bring the building up to standard. The 12-month loan is structured at 58.75% of the $405,000 underwritten value. Underwriting weighed the renovation scope and the local Hartford residential market, along with the business plan for the property. For brokers and borrowers, the deal shows how Stormfield finances the purchase and renovation of small multifamily investment properties in Connecticut.