Multifamily Stabilization Loan

Multifamily | New York

Stormfield funded a $2.1M Hard Money Multifamily Stabilization Loan in Brooklyn, NY

View Our Multifamily Stabilization Loan Program

Multifamily building in Brooklyn, NY
  • Loan Amount

    $2,050,000

  • LTV

    62.07%

  • Term

    12 Months

Transaction Overview

Stormfield funded a $2,050,000 hard money cash-out refinance secured by a free-market eight-unit multifamily building in Brooklyn, New York. Proceeds retire existing debt on the building, giving the owner a simplified capital structure along with access to additional equity for other uses. The loan is structured at approximately 62.1% LTV, preserving a solid equity cushion. Underwriting weighed the property’s free-market rent profile and neighborhood demand, with the stable multifamily income and moderate leverage supporting the structure. The deal reflects Stormfield’s disciplined approach to cash-out bridge financing on stabilized, income-producing urban multifamily assets.

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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.