Fix and Flip Loan
Multifamily | Refinance & Rehab | New York
Loan Amount
$1,341,000
LTV
55%
Term
12 Months
Stormfield funded a $1,341,000 fix and flip loan for the refinance and light renovation of a 4-family property in Brooklyn, NY. The sponsor pledged a free and clear Florida condominium as cross-collateral to support the loan structure. The loan is sized to 55% LTV against a combined collateral value of $2,500,000, with a full-term interest reserve and a renovation holdback in place.
Stormfield Capital provides fix & flip, bridge, construction, and value-add multifamily financing nationwide. Get a term sheet within 24 hours.
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.
