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Loan Amount
$5,005,000
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LTV
64.97%
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Term
24 Months
Transaction Overview
Stormfield funded a $5,005,000 loan for an experienced real estate investor to acquire and develop a single-family investment property in Greenwich, Connecticut. The sponsor is a repeat, performing Stormfield borrower with deep experience in fix and flip and ground-up construction throughout the Connecticut market. The loan is structured at approximately 65% LTV over a 24-month term, preserving meaningful equity. Underwriting weighed the development plan and the Greenwich residential market, with conservative leverage and the sponsor’s proven track record supporting the structure. The deal reflects Stormfield’s disciplined approach to lending alongside repeat builders.