Fix and Flip Loan
Multifamily | Purchase & Rehab | New York
Loan Amount
$4,500,000
LTV
65%
Term
12 Months
Stormfield Capital funded a $4,500,000 fix and flip loan to support the acquisition of a 14-unit multifamily investment property in Brooklyn, New York, purchased at 90% construction completion. The experienced developer and property manager required bridge financing to acquire and complete the asset ahead of lease-up and stabilization. The loan was structured at 65% LTV.
Stormfield Capital provides fix & flip, bridge, construction, and value-add multifamily financing nationwide. Get a term sheet within 24 hours.
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.
