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New Construction Loan

Single-Family | Connecticut

Stormfield funded a $6.9M Hard Money New Construction Loan in Greenwich, CT

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Single-family home in Greenwich, CT

  • Loan Amount

    $6,940,000

  • LTV

    69.49%

  • Term

    24 Months

Transaction Overview

Stormfield funded a $6,940,000 bridge loan for an experienced real estate investor to acquire and develop a single-family investment property in Greenwich, Connecticut. The sponsor is a repeat, performing Stormfield borrower who is well versed in both fix and flip and ground-up construction across the Connecticut market. The loan is structured at approximately 69.5% LTV over a 24-month term. Underwriting weighed the development scope and the Greenwich residential market, with the sponsor’s local track record supporting the business plan. The deal shows how Stormfield provides dependable acquisition and development capital to repeat builders.

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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.