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Fix and Flip Loan

Single-Family | Florida

Stormfield funded a $4M Fix and Flip Loan in Sarasota, FL

View Our Fix and Flip Loan Program

Single-family home in Sarasota, FL

  • Loan Amount

    $4,000,000

  • LTV

    63.16%

  • Term

    18 Months

Transaction Overview

Stormfield funded a $4,000,000 fix and flip loan for a single-family investment property in Sarasota, FL. The 18-month loan is structured at 63.16% LTV against an underwritten value of $6,333,000 and supports the planned renovation of the home. Underwriting weighed the renovation plan and the local Sarasota residential market. For brokers and borrowers, the deal shows how Stormfield finances fix and flip projects on single-family homes in Sarasota and across Florida, with an 18-month term that gives the borrower time to complete the renovation and bring the property to market.

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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.