Stormfield Capital, a specialist private mortgage firm, is pleased to announce the first close of the Stormfield Opportunity Fund.
Online PR News – 05-June-2020 – Southport, Connecticut – Stormfield Capital, a specialist private mortgage firm, is pleased to announce the first close of the Stormfield Opportunity Fund.
The fund, which has a hard cap of $75 million, targets the acquisition of commercial bridge mortgages being sold as a result of market disruptions triggered by the COVID-19 pandemic.
Stormfield has been successfully investing in lower middle market commercial bridge loans since 2012, through both in-house origination and existing note acquisitions.
Wesley Carpenter, Managing Partner of Stormfield, said “We are excited about the opportunity to deploy capital in the current environment, utilizing the same disciplined approach that we have developed and refined since forming Stormfield.” Carpenter continued, “Stormfield continues to see significant deal volume, both from loan sellers and new origination inquiries. We currently expect the majority of capital raised in our first close to be invested by the middle of June.”
Timothy Jackson, Managing Partner of Stormfield added “We are appreciative of the confidence and support of both existing and new investors. The willingness of our partners to invest during a period of market disruption is humbling. We have built a reputation of integrity, transparency and trust, and we will continue to be good stewards of our partner’s capital.”
Law firm Orical, LLP represented Stormfield Capital. The Private Fund Group of Swiss Hill Advisors, served as exclusive placement agent.