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Loan Amount
$925,000
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LTV
56%
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Term
12 Months
Transaction Overview
Stormfield funded a $925,000 fix and flip loan for the renovation of a mixed-use property in Middle Village, NY. The sponsor has owned the asset since 2015 and carries no existing debt, with the property serving as free and clear collateral. The $490,000 rehab holdback supports a substantial renovation scope. The loan is sized to 56.45% LTV against a stabilized value of $1,638,750, reflecting significant equity and strong collateral coverage throughout the loan term.
