Southwest · New Mexico · Manufactured Housing · First lien
Manufactured housing hard money loans in Las Cruces, NM.
First-position manufactured housing loans in Las Cruces, New Mexico (NM) — typically $1M–$5M, larger considered — for acquisitions, maturities, bridge and value-add plans. Reviewed and decided directly by the principals.
Las Cruces market context
The Las Cruces economy behind the collateral.
Las Cruces benefits from proximity to White Sands Missile Range and Fort Bliss, alongside New Mexico State University and regional agricultural production.
Stokley Capital evaluates requests for commercial and multifamily assets tied to the university and defense-adjacent workforce base.
Economic anchors
- White Sands Missile Range
- New Mexico State University
- Fort Bliss proximity
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 Las Cruces.
- 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 New Mexico? 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
Las Cruces, NM manufactured housing loan request.
Questions
Las Cruces, NM manufactured housing loans, answered.
- Does Stokley Capital make manufactured housing loans in Las Cruces, NM?
- Yes. We make first-position manufactured housing hard money and bridge loans in Las Cruces, New Mexico (NM), typically $1M–$5M, with larger loans considered.
- What drives the Las Cruces market?
- Las Cruces benefits from proximity to White Sands Missile Range and Fort Bliss, alongside New Mexico State University and regional agricultural production.
- What should a Las Cruces 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 Las Cruces?
Send the property, amount and deadline. A principal will respond directly.