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Loan Amount
$2,860,000
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LTV
65%
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Term
12 Months
Transaction Overview
Stormfield Capital funded a $2,860,000 fix and flip loan to support the acquisition and substantial renovation of a 4-family investment property in the Greenpoint neighborhood of Brooklyn, New York. The highly experienced repeat Stormfield borrower, with over 10 completed projects, required acquisition and rehab financing for a property in value-add condition requiring a heavier renovation scope. The loan was structured at 65% LTV. The sponsor’s extensive track record, demonstrated execution capability across comparable Brooklyn projects, and the property’s prime Greenpoint location supported Stormfield’s decision to fund this high-scope value-add acquisition.
