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Value-Add Multifamily Loan

Multifamily | Massachusetts

Stormfield funded a $14.8M Hard Money Multifamily Value-Add Loan in Brookline, MA

View Our Value-Add Multifamily Loan Program

Multifamily buildings in Brookline, MA

  • Loan Amount

    $14,800,000

  • LTV

    65%

  • Term

    12 Months

Transaction Overview

Stormfield funded a $14,800,000 loan supporting the acquisition of two multifamily properties in Brookline, Massachusetts, with a business plan centered on converting the buildings’ residential units into condominiums. Together, the buildings comprise 44 units in total, 42 residential and two commercial. The loan is structured at approximately 65% LTV. Underwriting weighed the conversion plan, the timeline for converting the units and Brookline’s for-sale housing demand, with moderate leverage supporting the structure. The transaction reflects Stormfield’s disciplined approach to financing value-add multifamily acquisitions with defined condominium conversion business plans in Brookline, 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.