Midwest · Minnesota · Manufactured Housing · First lien
Manufactured housing hard money loans in Saint Paul, MN.
First-position manufactured housing loans in Saint Paul, Minnesota (MN) — typically $1M–$5M, larger considered — for acquisitions, maturities, bridge and value-add plans. Reviewed and decided directly by the principals.
Saint Paul market context
The Saint Paul economy behind the collateral.
Saint Paul functions as Minnesota's state capital and a rail and logistics hub, with a mix of government, healthcare, and manufacturing employment.
Financing requests often relate to industrial repositioning near rail infrastructure and redevelopment of downtown commercial buildings.
Economic anchors
- Minnesota State Capitol
- 3M headquarters area
- Union Depot rail and transit hub
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 Saint Paul.
- 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 Minnesota? 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
Saint Paul, MN manufactured housing loan request.
Questions
Saint Paul, MN manufactured housing loans, answered.
- Does Stokley Capital make manufactured housing loans in Saint Paul, MN?
- Yes. We make first-position manufactured housing hard money and bridge loans in Saint Paul, Minnesota (MN), typically $1M–$5M, with larger loans considered.
- What drives the Saint Paul market?
- Saint Paul functions as Minnesota's state capital and a rail and logistics hub, with a mix of government, healthcare, and manufacturing employment.
- What should a Saint Paul 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 Saint Paul?
Send the property, amount and deadline. A principal will respond directly.