Case Study | Brooklyn, NY

Investment Type

Cash Out Refinance

Property Description

Logistics Facility

Location

Brooklyn, NY

Loan Amount

$22,250,000

Stormfield provided a $22,250,000 loan secured by a 74,304 sq. ft. last mile logistics facility in the Williamsburg neighborhood of Brooklyn, NY. The loan proceeds will be used to fund the fit-out of the remaining vacant space, which was recently vacated. The sponsor plans to secure a tenant, complete the fit-out, and refinance with long-term debt.

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Wesley W. Carpenter

Co-Founder & Partner

Wesley Carpenter is a Founder and Partner of Stormfield Capital, LLC. At Stormfield, Wes leads the firm’s investment strategy and portfolio management. He 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 $1.75 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 was a Vice President at Greenwich Associates, a boutique consultancy specializing in the financial services sector, 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), where he focused on M&A and strategic growth initiatives across the firm’s global industrial portfolio

Wes holds a B.S. from Fairfield University and an M.B.A. from Binghamton University.