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Fix and Flip Loan

Single-Family | Refinance & Rehab | New Jersey

Stormfield funded a $1.5M Fix and Flip Loan in Lakewood, NJ

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Street view in Lakewood, NJ

  • Loan Amount

    $1,450,000

  • LTV

    30.61%

  • Term

    12 Months

Transaction Overview

Stormfield funded a $1,450,000 fix and flip loan for a real estate investor to recapitalize an in-progress spec home development in Lakewood, New Jersey. The refinance and rehab financing provides capital to carry the single-family project through completion of construction and on to sale. The loan is structured at 30.61% of the $4,737,500 after-repair value. Underwriting weighed the remaining construction scope and the local Lakewood resale market, along with the business plan for the property. For brokers and borrowers, the deal shows how Stormfield finances the completion of in-progress single-family projects in New Jersey.

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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.