Midwest · Minnesota · First lien
Commercial real estate loans in Duluth, MN.
First-position hard money and bridge loans on commercial and multifamily property in Duluth, Minnesota — typically $1M–$5M, larger considered. Reviewed and decided directly by the principals.
Market context
The Duluth economy behind the collateral.
Duluth's economy is tied to Great Lakes shipping through its port on Lake Superior, along with tourism, healthcare, and regional logistics.
Minnesota's economy is led by healthcare and medical technology, agribusiness processing, and corporate headquarters activity concentrated in the Minneapolis-St. Paul metro. The state also benefits from Mississippi River shipping and a strong logistics network.
Economic anchors
- Port of Duluth-Superior
- Essentia Health
- University of Minnesota Duluth
Financing situations often involve industrial and warehouse space linked to port shipping activity and hospitality serving tourism.
By property type
Minnesota 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 Duluth 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 Duluth? 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
Duluth, MN loan request.
Questions
Duluth, MN lending, answered.
- Does Stokley Capital provide loans in Duluth, MN?
- Yes. We provide first-position, business-purpose loans on commercial and multifamily property in Duluth, Minnesota — typically $1M–$5M, with larger loans considered.
- Does Stokley buy property in Duluth, MN?
- 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 Duluth loan requests do you see?
- Financing situations often involve industrial and warehouse space linked to port shipping activity and hospitality serving tourism.
- What should a Duluth 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 Minnesota markets
Next step
Have a Duluth property to finance?
Send the property, the amount and the deadline. A principal will respond directly.