Hard money loans · First lien · Nationwide
Commercial hard money loans, decided by the principals.
Asset-based, first-position loans on commercial and multifamily real estate — typically $1M–$5M, larger considered — for borrowers who need certainty and speed a bank can't offer.
Credit box
- Loan size
- $1M–$5M typical
- Larger requests
- Considered
- Collateral
- Commercial & multifamily
- Geography
- Nationwide
- Decision
- Direct from principals
Hard money lending guidelines
- 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.
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 and operated hotels, so we underwrite the operation — not only the appraisal.
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. Each component is underwritten on its own before the whole is sized.
Self-storage hard money loans
Climate-controlled and drive-up self-storage, including conversions and expansions. Operations and local supply decide the loan.
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. We underwrite the real estate and the operator together; on care-licensed properties, the operator's record and licensing carry as much weight as the building.
Data center hard money loans
Edge and colocation facilities, powered shells and industrial buildings being converted for data use. Secured power, fiber and the tenant plan decide the loan.
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 loan secured primarily by the value and income potential of a commercial or multifamily property rather than by the borrower's balance sheet alone. It is used when speed, property condition or timing rules out a bank or agency loan.
- How large are Stokley Capital's loans?
- Typically $1M–$5M. Larger loans are considered case by case.
- 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?
- Nationwide, 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.