Midwest · Michigan · First lien
Commercial real estate loans in Grand Rapids, MI.
First-position hard money and bridge loans on commercial and multifamily property in Grand Rapids, Michigan — typically $1M–$5M, larger considered. Reviewed and decided directly by the principals.
Market context
The Grand Rapids economy behind the collateral.
Grand Rapids has a diversified economy spanning office furniture manufacturing, healthcare, and higher education, supported by a revitalized downtown core.
Michigan's economy remains rooted in automotive manufacturing and engineering, supported by advanced manufacturing supply chains, higher education, and Great Lakes shipping. Detroit and its surrounding metros continue to diversify into mobility technology and logistics.
Economic anchors
- Spectrum Health/Corewell Health system
- Grand Valley State University
- Steelcase and office furniture manufacturers
Requests commonly relate to mixed-use downtown redevelopment and industrial space serving furniture and manufacturing supply chains.
By property type
Michigan loans by asset class.
We lend on the property types our team has owned and operated. Each page covers what we underwrite first and the situations we see most.
Loan uses
What Grand Rapids borrowers use us for.
- Acquisitions with a hard closing date
- Refinance of a maturing or defaulted loan
- Bridge to stabilization, sale or permanent debt
- Cash-out against existing equity
- Renovation, repositioning and value-add capital
- Partner buyouts and recapitalizations
- Discounted note payoffs and lender-driven deadlines
- Situations a bank or agency lender will not close in time
Selling a property in Grand Rapids? Stokley also buys commercial and multifamily real estate as a principal. Submit it for acquisition.
Hard money lending guidelines
Asset-based financing. We focus on the property's value and the owner's equity, not a credit score. Low credit does not rule out a request. Every deal is subject to underwriting.
- Annual rate
- From 11.5%
- Origination
- From 2% of the loan amount
- Term
- 6 to 12 months
- Payments
- Interest only
- Loan-to-value
- Up to 70%
- Lien position
- First position only
Third party closing costs are separate.
Every term sheet is different. Every deal goes through underwriting and has specific terms. These are guidelines, not a commitment to lend.
Request loan terms
Grand Rapids, MI loan request.
Questions
Grand Rapids, MI lending, answered.
- Does Stokley Capital provide loans in Grand Rapids, MI?
- Yes. We provide first-position, business-purpose loans on commercial and multifamily property in Grand Rapids, Michigan — typically $1M–$5M, with larger loans considered.
- Does Stokley buy property in Grand Rapids, MI?
- Yes. Stokley acquires commercial and multifamily real estate as a principal across asset classes. Submit any property for sale and we will review it.
- What kinds of Grand Rapids loan requests do you see?
- Requests commonly relate to mixed-use downtown redevelopment and industrial space serving furniture and manufacturing supply chains.
- What should a Grand Rapids loan request include?
- Property address and type, loan amount and purpose, current income and occupancy, existing debt, the business plan and the deadline. Rent rolls and operating statements help but are not needed for a first read.
- Do you lend in second position?
- No. Stokley Capital lends in first position only.
- Do you publish rates or leverage?
- Published lending guidelines are for general guidance only. Every deal goes through underwriting and has specific terms.
Nothing on this website is an offer to lend or a commitment of capital. All loans are subject to underwriting, due diligence, documentation and approval. Published lending guidelines are for general guidance only. Every deal goes through underwriting and has specific terms.
Other Michigan markets
Next step
Have a Grand Rapids property to finance?
Send the property, the amount and the deadline. A principal will respond directly.