Loan Servicing

Email: servicing@stormfieldcapital.com
Phone: (203) 442-4412

Billing statements are sent via email by the 1st of the month. Contact servicing@stormfieldcapital.com to add additional recipients.

Although online payments are currently not an option, the following payment methods are accepted:

– Automatic Payment – this is a secure and easy way to ensure payments are made on time; payments will be debited from the account of your choice automatically each month.

Simply complete and email the attached ACH Authorization Form to servicing@stormfieldcapital.com.

– Wire Transfer – contact servicing@stormfieldcapital.com for wire instructions.

– Check – via regular United States Postal Service mail only; make checks payable to:

             Stormfield Capital Funding I, LLC
             Box 83437
             Woburn, MA 01813-3437
             Check Reference: «BorrowerAccount»/«PropertyStreet»

Stormfield’s loan servicing team will reach out to notify and determine repayment options.

Please reach out to the servicing department directly at servicing@stormfieldcapital.com.

Email servicing@stormfieldcapital.com to obtain a full-year summary of payments made.

Email payoffs@stormfieldcapital.com to request a payoff quote.  If the request is not made by the borrower directly, include an executed authorization letter.

Turnaround time is 2-3 business days. However, if you need an expedited payoff, Stormfield can rush the request for a fee.

Stormfield Capital will prepare and send lien release documents directly to the borrower and/or title agent to record the satisfaction in the county where the property(ies) reside.

Email payoffs@stormfieldcapital.com and include contact details for party responsible for recording the lien release.

Lien Releases will be sent 45 days after full payoff.

We understand that unexpected financial challenges can arise. If you’re facing difficulties in making payments, please contact our asset management department as soon as possible – assetmgmt@stormfieldcapital.com.

The Loan Servicing department manages draw administration, procedures may be found via the draw request page.

It is your responsibility to ensure property/hazard and liability (and flood, if applicable) insurance remains active with Stormfield Capital Funding I, LLC ISAOA/ATIMA as mortgagee/loss payee throughout the life of the loan. Refer to the attached form for a summary of Stormfield’s insurance requirements; feel free to call 888-248-9499 with any questions. Office hours are Monday through Friday, 8:00 a.m. to 5:00 p.m. EST.

Before or at the time your current policy expires, evidence of continuation of coverage should be sent by you or your insurance provider via one of the following methods:

– Fax to (518) 863-7380

– Upload through our online site, http://www.ValidateMyInsurance.com

– Mail to the following address:

         Stormfield Capital Funding I, LLC ISAOA/ATIMA
         c/o Lee & Mason Financial Services Inc.
         P.O. Box 150
         Northville, NY 12134

If the insurance policies are not active, per the terms of your loan agreement, Stormfield Capital will force-place insurance on the subject loan collateral, at a cost to be borne by you, if satisfactory evidence of required coverage is not provided on a timely basis. The cost of placed insurance is generally higher than you can obtain independently; forced placement is an event of default on the loan.

Interest reserve will be applied according to the Prepaid Interest Reserve Agreement executed at closing.  The prepaid interest reserve balance is reflected in your billing statement. Refer to the attached PDF for more information.

Refer to your loan agreement to assess available extension options. Contact servicing@stormfieldcapital.com as soon as possible to request an extension. Be sure to include your expected exit plan (e.g. status of refinancing, sale, etc.).