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Bridge to Perm Loan

Light Industrial | Illinois

Stormfield funded a $1.6M Bridge to Perm Loan in Mundelein, IL

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Light industrial property in Mundelein, IL

  • Loan Amount

    $1,635,000

  • LTV

    62.61%

  • Term

    12 Months

Transaction Overview

Stormfield funded a $1,635,000 bridge loan for a sponsorship group purchasing and renovating a light industrial property in Mundelein, Illinois, just outside of Chicago. The financing supports both the acquisition and the planned renovation of the building. The 12-month loan is structured at approximately 62.6% LTV against an underwritten value of $2,623,000. Underwriting weighed the renovation plan and the local Mundelein industrial market, along with the business plan for the property. For brokers and borrowers, the deal shows how Stormfield provides bridge financing for the purchase and renovation of light industrial buildings in Illinois.

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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.