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Loan Amount
$4,700,000
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LTV
57.5%
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Term
24 Months
Transaction Overview
Stormfield funded a $4,700,000 hard money bridge loan to refinance a 257-unit multifamily portfolio in Tallahassee, Florida. The portfolio has already undergone a substantial renovation program, and the refinance supports its transition toward stabilized performance. The loan is structured at approximately 57.5% LTV, creating a meaningful equity cushion beneath the debt. Underwriting considered the scale of the portfolio and its post-renovation operations, with the completed renovations and moderate leverage supporting the structure. The deal reflects Stormfield’s disciplined approach to bridge financing for large, recently renovated multifamily portfolios in Tallahassee and similar markets.
