Stormfield Capital

About Stormfield Capital

Stormfield Capital is a Southport, CT based private money lender. They provide funding in 12 states throughout the country. They offer lending solutions for a variety of needs and situations, including hard money loans for commercial properties, cash out hard money loans, rental property loans, short term bridge loans, and fix-and-flip loans. They issue terms between 12 months and 36 months, rates ranging between 8.99% and 11.99%, and loan amounts ranging from $150,000 to $5,000,000 with a maximum LTV of 65%. They make loans on most types of properties, including single family units, multi family residences, apartments, offices, retail units, hotels/motels, storage facilities, assisted living communities, mixed use, and churches.

Loan Types Offered: Investment Property Loans, Fix and Flip Loans, Commercial Hard Money Loans, Refinance / Cash Out Loans, Bridge Loans

Property Types Covered: Single Family, Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Church

Areas Served: MD, VA, DC, PA, NJ, NY, ME, MA, VT, NH, RI, DE

Lending Guidelines for Stormfield Capital

Below are the general loan guidelines published on the Stormfield Capital website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Stormfield Capital.

Loan Example 1

Melvin finds a duplex in Brooklyn, NY to flip and resell. Since he doesn't have enough cash on-hand to buy the $200,000 project outright, he takes out a fix-and-flip loan from Stormfield Capital. The lender agrees to issue a loan with a 60% loan-to-value (LTV) so they are willing to loan $120,000 on the house. The deal also includes the following features: 1) a 6 month term, 2) a 10% interest only note, and 3) a five percent origination fee.

In accordance with the terms of the note, Melvin will be required to pay a $6,000 origination fee in addition to 40% of the purchase price, or $80,000, based on the 60% LTV. The lender will collect $1,000 in monthly interest payments from the borrower. This is calculated by taking the full note value of $120,000, multiplying by the 10% rate of interest, and then dividing that amount by 12. If he sells the remodeled house for $250,000 at the end of the 6 month term, his total profit (not including remodeling costs) would be $38,000. This is calculated by taking the purchase price ($250,000) and subtracting the original principle ($120,000), the origination fee ($6,000), the money he contributed to closing ($80,000), and the total interest expenses ($6,000).

Loan Example 2

Stormfield Capital issues a hard money loan to Shawna for a remodeling project in Brooklyn, NY. The loan includes the following:

a) A $250,000 sales price, b) a 70% loan-to-value (LTV), c) a 18 month term, d) a 9% interest rate, and e) a 3% origination fee.

Shawna intends to sell the house when the note expires for $337,500. If she achieves this goal, the outcome will be as follows:

$337,500 sales price
- $175,000 principle on note (70% LTV)
- $75,000 cash paid at closing (30% on 70% LTV)
- $5,250 origination points (3% of the $175,000 principle)
- $23,625 interest payments (18 months x 9% interest)
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= $58,625 gross profit (doesn't include taxes or rehab costs)