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Loan Amount
$3,236,875
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LTV
65%
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Term
12 Months
Transaction Overview
Stormfield Capital funded a $3,236,875 fix and flip loan to support the acquisition and substantial renovation of a 4-family investment property in the Williamsburg neighborhood of Brooklyn, New York. The highly experienced repeat Stormfield borrower, with over 10 completed projects, required financing for a property requiring significant renovation work in one of Brooklyn’s most competitive and supply-constrained submarkets. The loan was structured at 65% LTV. The sponsor’s extensive track record, demonstrated execution capability, and the property’s prime Williamsburg location supported Stormfield’s decision to fund this high-scope value-add acquisition.
