Stormfield Capital Provides $1.04M Bridge Loan For Hamptons Development Site

The development site located at 7 Kate Court in the market of Hamptons has been involved in a closed transaction. The property has a building size factor (BSF) of 3,298, indicating its potential for development.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,040,000
• Lender: Stormfield Capital
• Landlord: Tatiana Endlin
• Broker: Joe Hach - Leviathan Capital

In this deal, Stormfield Capital served as the lender, providing a bridge loan of $1,040,000. The loan type was specifically a bridge loan, which is commonly used to bridge the gap between short-term financing needs and long-term financing. Tatiana Endlin acted as the landlord of the property, while Joe Hach from Leviathan Capital represented the buyer as the broker.