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Loan Amount
$591,000
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LTV
60%
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Term
12 Months
Transaction Overview
Stormfield funded a $591,000 hard money cash-out bridge loan secured by a free-and-clear single-family home in Whitestone, New York. The financing allows an experienced real estate investor to unlock equity from an unencumbered property and redeploy capital across a broader portfolio. The loan is structured at 60% LTV, preserving a substantial equity cushion. Underwriting focused on collateral value and the local Whitestone residential market, with conservative leverage and the sponsor’s ownership experience supporting the structure. The deal reflects Stormfield’s disciplined approach to equity-recapture lending on free-and-clear single-family residential collateral in Whitestone, New York.
