Value-Add Multifamily Loan

Multifamily | New Hampshire

Stormfield funded a $613k Multifamily Value-Add Loan in Rochester, NH

View Our Value-Add Multifamily Loan Program

Multifamily building in Rochester, NH
  • Loan Amount

    $612,500

  • LTV

    69.38%

  • Term

    12 Months

Transaction Overview

Stormfield funded a $612,500 multifamily value-add loan for a repeat Stormfield borrower acquiring and renovating a five-unit multifamily property in Rochester, New Hampshire. The financing covers the purchase and supports the renovation plan for the building. The 12-month loan is structured at 69.38% of the $882,875 underwritten value. Underwriting weighed the renovation scope and the local Rochester multifamily market, along with the business plan for the property and the borrower’s history with Stormfield. The deal shows how Stormfield works with repeat borrowers and brokers to fund small multifamily value-add projects.

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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.