Northeast · Rhode Island · Manufactured Housing · First lien
Manufactured housing hard money loans in Providence, RI.
First-position manufactured housing loans in Providence, Rhode Island (RI) — typically $1M–$5M, larger considered — for acquisitions, maturities, bridge and value-add plans. Reviewed and decided directly by the principals.
Providence market context
The Providence economy behind the collateral.
Providence is anchored by Brown University and a cluster of hospital systems, alongside a compact downtown financial and insurance sector.
Stokley Capital considers financing for medical office and multifamily assets tied to Providence's education and healthcare base.
Economic anchors
- Brown University
- Rhode Island Hospital
- Providence financial district
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 Providence.
- 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 Rhode Island? 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
Providence, RI manufactured housing loan request.
Questions
Providence, RI manufactured housing loans, answered.
- Does Stokley Capital make manufactured housing loans in Providence, RI?
- Yes. We make first-position manufactured housing hard money and bridge loans in Providence, Rhode Island (RI), typically $1M–$5M, with larger loans considered.
- What drives the Providence market?
- Providence is anchored by Brown University and a cluster of hospital systems, alongside a compact downtown financial and insurance sector.
- What should a Providence 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 Providence?
Send the property, amount and deadline. A principal will respond directly.