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Fix and Flip Loan

Single-Family | Refinance & Rehab | Florida

Stormfield funded a $757k Fix and Flip Loan in Nokomis, FL

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Single-family home in Nokomis, FL

  • Loan Amount

    $757,470

  • LTV

    64.62%

  • Term

    12 Months

Transaction Overview

Stormfield funded a $757,470 refinance and rehab loan for a repeat borrower on a single-family investment property in Nokomis, Florida. Proceeds retire existing debt on the home and fund a program of interior renovations intended to modernize the property and strengthen its value. The loan is structured at approximately 64.6% LTV, preserving a solid equity cushion. Underwriting considered the renovation scope and the local Nokomis market, with the sponsor’s history with Stormfield and conservative leverage supporting the structure. The deal demonstrates Stormfield’s measured approach to financing value-enhancing residential projects for returning clients.

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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.