Residential Bridge Loan

Single-Family | New York

Stormfield Funded an $8,000,000 Cash-Out Bridge Loan in New York, NY

View Our Residential Bridge Loan Program

  • Loan Amount

    $8,000,000

  • LTV

    53%

  • Term

    24 Months

Transaction Overview

Stormfield Capital funded an $8,000,000 cash-out bridge loan secured by a luxury single-family townhouse in the Greenwich Village neighborhood of Manhattan, New York, independently valued at $15,000,000. The transaction was structured with a $6,500,000 future funding facility, providing additional capital access for the high-net-worth international investor, and included a membership interest pledge as additional structural protection. The loan was structured at 53% LTV against the independently appraised value. The property’s excellent condition, prime Greenwich Village location, conservative leverage, and sophisticated loan structure with multiple layers of lender protection supported Stormfield’s decision to fund this complex transaction.

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Wesley W. Carpenter - Stormfield Capital

Wesley W. Carpenter

Co-Founder & Partner

Wesley Carpenter is a Co-Founder and Partner of Stormfield Capital. He leads the firm’s investment strategy and portfolio management, serves on both the management and investment committees, and plays a central role in credit and risk oversight across the platform. Under his leadership, Stormfield has deployed over $2 billion, spanning the origination, acquisition, and asset management of commercial and residential bridge loans.

Wes brings more than 15 years of experience in real estate credit and structured finance. Prior to founding Stormfield, he served as a Vice President at Greenwich Associates, a boutique financial services consultancy, where he advised senior executives at commercial and investment banks on balance sheet optimization and the adoption of structured credit strategies. He began his career in Corporate Development at Illinois Tool Works (NYSE: ITW), focusing on mergers and acquisitions and strategic growth initiatives across the firm’s global industrial portfolio.

He holds a B.S. from Fairfield University and an M.B.A. from Binghamton University.