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Fix and Flip Loan

Multifamily | New York

Stormfield funded a $2.4M Fix and Flip Loan in New York, NY

View Our Fix and Flip Loan Program

Multifamily building in New York, NY

  • Loan Amount

    $2,405,000

  • LTV

    65%

  • Term

    24 Months

Transaction Overview

Stormfield funded a $2,405,000 fix and flip loan for the purchase and renovation of an eight-unit multifamily building near Central Park in New York, NY. The 24-month loan is structured at 65% LTV against an underwritten value of $3,700,000. Underwriting weighed the renovation scope and the local New York multifamily market. For brokers and borrowers, the deal shows how Stormfield finances the acquisition and renovation of small multifamily buildings in Manhattan, with a single loan covering both the purchase of the property and the planned renovation work across its units.

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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.