Direct Balance-Sheet Bridge Lender for Investment Property in the Northeast

Stormfield Capital is a direct balance-sheet commercial bridge lender specializing in funding loans that require speed and surety of execution. Stormfield is the last of a dying breed. We exclusively lend off our balance sheet and all loans are serviced in-house. We do not sell our loans. Brokers and borrowers who a looking for a true “private lender” with institutional execution- look no further.

  • All Improved Property Types except Owner-Occupied Residential
  • No Land or Ground-Up Construction Loans
  • Referring brokers are always protected (for initial fee and take-out financing)

Property Geographic Area Details

Northeast & Mid-Atlantic Regions: CT, DC, MA, ME, MD, NH, NJ, NY, PA, VA, VT

Loan Amounts

$250,000 to $5,000,000

Interest Rates

6.99% to 10.99%

Max Loan-To-Value

70.00%

Max Loan-To-Cost

90.00%

Origination Fees

0% to 2%

Loan Terms

6 months to 36 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Invest in a Business
  • Business Working Capital
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial
  • Owner Occupied Residential

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property
  • Commercial Property Ground Lease

Property Types

  • 2-4 Units Residential
  • Adult Day Care
  • Auto Repair
  • Car Wash
  • Commercial Condominium
  • Condominium
  • Gas Station
  • Hotel
  • Industrial
  • Marina
  • Mixed-Use
  • Mobile Home
  • Mobile Home Park
  • Motel
  • Multifamily
  • Office
  • Parking Lot
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Retail
  • Senior Housing
  • Single Family Residence
  • Storage Facility
  • Student Housing
  • Timberland
  • Vehicle Parking

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Commercial Property Value Add

Specialty Loan Types

  • Reverse 1031 Exchange
  • Partner Buyout
  • Discounted Note Payoff
  • Foreclosure Bailout
  • Line of Credit Single Property
  • Line of Credit Portfolio of Properties
  • Transactional Funding
  • Debtor in Possession

Purchase Loan

Max Loan-To-Purchase Price

80.00%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Seller Financing
  • Gap Lender
  • Crowdfunding
  • Family

Rehab Value Add Loan

We only consider value-add financing for core property types - multifamily, office, retail, industrial, residential investment.

Experience Required

no

Minimum Number of Value-Add Projects Completed by Borrower

0

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100.00%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

2

Maximum After Repair Value

65.00%

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

5

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Pre Payment Penalty

no

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

yes

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • LLC
  • Limited Partnership
  • Trust
  • Corporation

Documentation Required

  • Loan Application

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

no

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

Deposit Required

$500.00 to $2,500.00

Expense Deposit is fully-refundable if the loan does not close. Used for customary 3rd party reports.

Legal Fee

Fees which are charged upfront prior to loan closing

  • Legal Fee
  • Appraisal Fee

Fees which are paid to a third party company

  • Legal Fee
  • Appraisal Fee

Stormfield Capital Management is a private investment firm specializing in real estate secured credit investments. Through our direct subsidiaries, we are a balance-sheet commercial bridge lender and direct hard money lender.  Stormfield provides short term bridge loans, secured by first mortgages, on commercial and residential investment real estate in the Northeast and major metropolitan areas across the United States. Stormfield has established a reputation built on transparency and an ability to close difficult transactions in a fast and efficient manner.

The transactions we finance tend to be either problem solving or opportunity facilitating in nature. By focusing on the current and future potential of the underlying real estate collateral, we are able to fund situations other lenders will not.

Stormfield Capital is a direct balance-sheet commercial bridge lender specializing in funding loans that require speed and surety of execution. All loans are serviced in-house and referring brokers are always protected (for initial fee and take-out financing).

Company Size (Number of Employees)

5

Year Established

2012

Office Locations

35 Old Post Road, Southport, Connecticut 06890

Primary Capital Source

  • Debt Fund We Manage

Alternative Capital Sources

  • Own Funds

Loan Structure for Majority of Loans

  • Own Balance Sheet

Alternative Loan Structures

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

80%

Percentage of Loans Secured by Residential Property

15%

Percentage of Residential Property Loans Which are Fix and Flip

5%

Percentage of Residential Property Loans Which are Buy and Hold

5%

Percentage of Commercial Property Loans Which are Ground-Up Construction

5%

Percentage of Residential Property Loans Which are Ground-Up Construction

2%

Total Number of Loans Funded to Date

317

Total Loan Volume Funded to Date

$213,000,000

Wesley Carpenter

Partner

Timothy Jackson

Partner

Kyle Shea

Senior Associate

Loan Request

Short Description of your Loan Request or Property Address

This information is about yourself, not the subject property.

$
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At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

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