Stormfield Funded a $975,000 Ground Up Construction Loan in Toms River, NJ

Stormfield Capital funded a $975,000 ground up construction loan to support the completion of a waterfront single-family investment property in Toms River, New Jersey. The sponsors had self-funded construction from lot acquisition through approximately 60% completion, accumulating significant equity with no construction debt on the asset at the time of closing. The property is situated in a flood zone, with a $1,500,000 ARV targeting Class A waterfront finishes. The loan was structured at approximately 59% LTV. The sponsors’ demonstrated self-funding capability, the property’s waterfront location, and conservative LTARV supported the lending decision.