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Loan Amount
$2,050,000
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LTV
62.07%
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Term
12 Months
Transaction Overview
Stormfield funded a $2,050,000 hard money cash-out refinance secured by a free-market eight-unit multifamily building in Brooklyn, New York. Proceeds retire existing debt on the building, giving the owner a simplified capital structure along with access to additional equity for other uses. The loan is structured at approximately 62.1% LTV, preserving a solid equity cushion. Underwriting weighed the property’s free-market rent profile and neighborhood demand, with the stable multifamily income and moderate leverage supporting the structure. The deal reflects Stormfield’s disciplined approach to cash-out bridge financing on stabilized, income-producing urban multifamily assets.
