When construction wraps up but units remain unsold, developers face a liquidity squeeze. Banks expect repayment. Capital stays locked in unsold units. New opportunities wait. Stormfield’s Condo Inventory Loans bridge that gap with flexible capital designed for the realities of condo sellouts.
A Condo Inventory Loan is a short-term bridge loan secured by completed or nearly
completed condominium projects with unsold units.
Refinance maturing construction loans with flexible terms.
Unlock liquidity from completed condos to fund your next project.
Avoid forced sales. Each sale reduces the loan balance.
We lend from our balance sheet and service loans in-house: ensuring faster approvals, direct access to capital, and clear, transparent communication when you need it most.
Our loans are structured around your sales timeline, not a bank’s calendar. Paydowns align with unit sellouts: giving you room to sell strategically and preserve value.
From approval to final release, your dedicated investment professional works alongside you: providing expert guidance, quick responses, and transparent updates at every step.
Completed projects with some units still unsold.
Provides capital against the unsold inventory, allowing time to sell units at full market value.
Construction loan has matured, but the project is still selling.
Refinance the maturing loan quickly to avoid default and maintain momentum.
Equity is tied up in finished condos, limiting liquidity for new acquisitions.
Enables equity release from the current project to fund the next one.
Up to 70%
Completed and Near Completed Condo Developments
Typically under 21 days with in-house approvals and servicing
Flexible prepayment terms
100% in-house – all loans funded and held on Stormfield’s balance sheet
Mid-level to seasoned investors and operators with verifiable experience and liquidity
Stormfield provided a condo inventory loan secured by 31 completed condominiums, allowing the sponsor to retire maturing debt, unlock equity, and maintain liquidity for a new development.
9 States
New York
New Jersey
Connecticut
Pennsylvania
Massachusetts
Rhode Island
Maine
New Hampshire
Vermont
Select projects funded nationwide in
active real estate markets
Consistent execution and certainty
wherever we lend
A Condo Inventory Loan is a short-term bridge loan secured by completed or nearly completed condominium projects with unsold units. It bridges the liquidity squeeze developers face when banks expect repayment on maturing construction debt.
It allows sponsors facing maturing bank debt to quickly refinance the loan to avoid default and maintain sales momentum. It also prevents the need for forced sales.
Yes. Our Flexible Financing Experience means the loan is structured around your sales timeline, not a bank’s calendar. Pay-downs align with unit sellouts, which strategically preserve value.
Absolutely. This financing enables equity release from the current completed inventory to help builders start a new project.
Loan terms are typically 6 to 24 months, with amounts ranging from $1M – $30M+ and LTV up to 70%.
Wesley Carpenter is a Founder and Partner of Stormfield Capital, LLC. At Stormfield, Wes leads the firm’s investment strategy and portfolio management. He 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 $1.75 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 was a Vice President at Greenwich Associates, a boutique consultancy specializing in the financial services sector, 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), where he focused on M&A and strategic growth initiatives across the firm’s global industrial portfolio
Wes holds a B.S. from Fairfield University and an M.B.A. from Binghamton University.