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Loan Amount
$300,950
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LTV
56.44%
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Term
12 Months
Transaction Overview
Stormfield funded a $300,950 bridge loan to finance the foreclosure auction purchase of a single-family investment property in Columbia, South Carolina, acquired at a below-market basis. Auction purchases demand certainty of funds on a compressed timeline, and the financing let the investor compete and close with confidence. The loan represents 65% of the $463,000 purchase price and approximately 56% LTV. Underwriting weighed the auction timeline and local market values, with the favorable acquisition basis and moderate leverage supporting the structure. The deal shows how Stormfield provides fast, reliable capital for time-sensitive acquisition opportunities.
