Hard money loans · First lien · In most US states
Commercial hard money loans, decided by the principals.
First-position loans on commercial and multifamily real estate, typically $500,000 to $5 million, with larger loans up to $10 to $15 million considered case by case and no loans under $500,000. For borrowers who need a decision a bank will not make in time.
Lending terms
- Typical loan size
- $500,000 to $5 million
- Larger loans
- Up to $10 to $15 million, case by case
- Minimum
- No loans under $500,000
- Basis
- As-is real estate value
- Geography
- In most US states
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.
- 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.
By property type
Hard money loans by asset class.
Each property type has its own page covering what we underwrite first, the situations we see most, and state-by-state lending pages.
Multifamily hard money loans
Apartment communities from garden-style to mid-rise, stabilized or in transition. Multifamily is the asset we know best as an owner-operator, which is why it is the core of our lending.
Hotel hard money loans
Flagged and independent hotels, select-service to full-service. We have owned hotels. The loan is sized to as-is value, not to NOI or a projection.
Retail hard money loans
Neighborhood and community centers, strip retail, single-tenant and pad sites. We have owned and leased retail, so tenancy and rollover are underwritten tenant by tenant.
Office hard money loans
Suburban and urban office, medical office and flex. Conventional office lending has largely retreated; we still lend where basis and a leasing plan are credible.
Industrial hard money loans
Warehouse, distribution, light manufacturing, flex and small-bay industrial. Functional utility and the tenant base drive the decision.
Mixed-use hard money loans
Ground-floor retail with residential or office above, in urban and main-street locations. The loan is sized to the building's as-is value.
Self-storage hard money loans
Climate-controlled and drive-up self-storage, including conversions and expansions. The loan is sized to as-is value.
Manufactured housing hard money loans
Manufactured housing and mobile home communities. Lot-rent economics, infrastructure and ownership of homes are the key variables.
Senior housing hard money loans
Independent living, assisted living, memory care and 55+ active adult communities. Licensing and the operator's record are part of diligence. The loan amount follows as-is value, not NOI or a projection.
Data center hard money loans
Stokley Capital reviews data center submissions from brokers and owners. Send the property, the amount and the location. We may decline.
Uses
When a hard money loan is the right tool.
A hard money loan solves a timing or condition problem. The property needs to support the loan today, and there needs to be a credible path to repayment: a sale, a refinance, or stabilization.
- 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
By state
Hard money lending by state.
Select a state for local market context, metro pages and a request form.
Southwest
Northeast
Request loan terms
Tell us about the property and the loan.
Questions
Hard money, answered.
- What is a commercial hard money loan?
- A short-term, first-position loan sized to the as-is value of a commercial or multifamily property. Loans are sized to as-is real estate value, in first position, as bridge and hard money. Net operating income and projections do not set the loan amount. It is used when speed, property condition or timing rules out a bank or agency loan.
- How large are Stokley Capital's loans?
- Typical loan size: $500,000 to $5 million. Larger loans up to $10 to $15 million are considered case by case. No loans under $500,000.
- Do you lend in first position only?
- Yes. Every loan is secured by a first lien on the real estate. We do not make second-lien or mezzanine loans.
- Where do you lend?
- In most US states, including secondary and tertiary markets, subject to state requirements.
- Do you publish rates and 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.
Next step
Need a first-position loan?
Send the property, amount and deadline. A principal will respond directly.