Value-Add Multifamily Loan

Multifamily | New York

Stormfield funded a $2.7M Multifamily Value-Add Loan in Mount Kisco, NY

View Our Value-Add Multifamily Loan Program

Multifamily building in Mount Kisco, NY
  • Loan Amount

    $2,741,250

  • LTV

    55%

  • Term

    18 Months

Transaction Overview

Stormfield funded a $2,741,250 multifamily value-add loan for a borrower buying and renovating a 21-unit multifamily property in Mount Kisco, New York. The 18-month financing provides the capital to acquire the building and complete a renovation program across the units. The loan is structured at 55% of the $5,000,000 underwritten value. Underwriting weighed the renovation scope and the local Mount Kisco multifamily market, along with the business plan for the property. For brokers and borrowers, the deal shows how Stormfield finances the purchase and renovation of multifamily buildings in New York.

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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.