Stormfield Capital Provides $8.9M Bridge Loan For Multifamily Properties In Beacon Hill

Located in the desirable Beacon Hill market of Boston, a multifamily property has recently undergone a closed transaction. The property, situated at 66 Myrtle St. and 47 W. Cedar St., spans approximately 12,953 square feet and consists of 19 units. The transaction involved various individuals and companies, including lender Stormfield Capital represented by Wesley Carpenter and Daniel Heetmann, landlord Liya Rong, and broker Chris Sava from Hub Financing LLC.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $8,987,500
• Address: 66 Myrtle St. & 47 W. Cedar St.
• Market: Beacon Hill, Boston
• Square Footage: 12,953
• Number of Units: 19
• Lender: Stormfield Capital - Wesley Carpenter & Daniel Heetmann
• Landlord: Liya Rong
• Broker: Chris Sava - Hub Financing LLC

The bridge loan provided by Stormfield Capital enabled this closed transaction to take place, offering financial support of $8,987,500. This loan type served as a temporary solution during the transition phase.