Midwest · Illinois · Manufactured Housing · First lien
Manufactured housing hard money loans in Rockford, IL.
First-position manufactured housing loans in Rockford, Illinois (IL) — typically $1M–$5M, larger considered — for acquisitions, maturities, bridge and value-add plans. Reviewed and decided directly by the principals.
Rockford market context
The Rockford economy behind the collateral.
Rockford has built a manufacturing and air cargo base, anchored by Chicago Rockford International Airport's growing freight operations.
Stokley Capital evaluates industrial and distribution funding requests tied to Rockford's air cargo growth.
Economic anchors
- Chicago Rockford International Airport
- Rockford manufacturing corridor
- University of Illinois College of Medicine Rockford
Manufactured Housing underwriting
What we look at first.
- Lot rent, occupancy and collections
- Park-owned homes versus resident-owned homes
- Water, sewer and utility infrastructure
- Local regulation and rent-control exposure
- Operator experience and the infill plan
Situations
Manufactured housing loans we see in Rockford.
- Acquisitions from long-time family owners
- Infrastructure upgrades banks will not fund
- Infill and home-placement programs
- Maturities on parks still converting to resident-owned homes
Selling a manufactured housing property in Illinois? Stokley also buys 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
Rockford, IL manufactured housing loan request.
Questions
Rockford, IL manufactured housing loans, answered.
- Does Stokley Capital make manufactured housing loans in Rockford, IL?
- Yes. We make first-position manufactured housing hard money and bridge loans in Rockford, Illinois (IL), typically $1M–$5M, with larger loans considered.
- What drives the Rockford market?
- Rockford has built a manufacturing and air cargo base, anchored by Chicago Rockford International Airport's growing freight operations.
- What should a Rockford manufactured housing loan request include?
- Property address, 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.
- Are you a broker?
- No. Stokley Capital is a private real estate owner-operator that provides business-purpose loans. Decisions are made by the principals.
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
Financing manufactured housing in Rockford?
Send the property, amount and deadline. A principal will respond directly.