Residential Bridge Loan

Multifamily | Massachusetts

Stormfield funded a $1.2M Residential Bridge Loan in Winthrop, MA

View Our Residential Bridge Loan Program

Multifamily property in Winthrop, MA
  • Loan Amount

    $1,200,000

  • LTV

    59.75%

  • Term

    12 Months

Transaction Overview

Stormfield funded a $1,200,000 cash-out bridge loan for a sponsor holding two multifamily investment properties, a triplex and a duplex, in Winthrop, Massachusetts, totaling five units. The financing unlocks equity from the two properties, which the sponsor plans to sell to repay the loan. The 12-month loan is structured at 59.75% of the $2,006,000 underwritten value. Underwriting weighed the sale-based exit and the local Winthrop residential market, along with the business plan for the property. For brokers and borrowers, the deal shows Stormfield’s cash-out bridge financing on small multifamily properties in Massachusetts.

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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.