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Fix and Flip Loan

Single-Family | New York

Stormfield funded a $731k Hard Money Fix and Flip Loan in Massapequa, NY

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Single-family home in Massapequa, NY

  • Loan Amount

    $731,250

  • LTV

    65%

  • Term

    12 Months

Transaction Overview

Stormfield funded a $731,250 fix and flip loan to complete the acquisition and renovation of a residential property in Massapequa, New York. The business plan includes a $103,000 rehab budget focused on upgrading the home ahead of a resale. The loan is structured at approximately 65% LTV. Stormfield’s underwriting considered the renovation scope, local resale demand and timeline, with conservative leverage and a defined budget supporting the exit. The deal shows how Stormfield provides reliable hard money purchase and rehab capital so investors can close on time and move quickly into construction.

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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.