South Central · Texas · Manufactured Housing · First lien
Manufactured housing hard money loans in Lubbock, TX.
First-position manufactured housing loans in Lubbock, Texas (TX) — typically $1M–$5M, larger considered — for acquisitions, maturities, bridge and value-add plans. Reviewed and decided directly by the principals.
Lubbock market context
The Lubbock economy behind the collateral.
Lubbock serves as a regional hub for agriculture, particularly cotton production, along with healthcare and higher education.
Typical funding situations include student housing near campus and commercial assets serving the regional agricultural economy.
Economic anchors
- Texas Tech University
- Lubbock agricultural trade base
- Covenant Health System
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 Lubbock.
- 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 Texas? 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
Lubbock, TX manufactured housing loan request.
Questions
Lubbock, TX manufactured housing loans, answered.
- Does Stokley Capital make manufactured housing loans in Lubbock, TX?
- Yes. We make first-position manufactured housing hard money and bridge loans in Lubbock, Texas (TX), typically $1M–$5M, with larger loans considered.
- What drives the Lubbock market?
- Lubbock serves as a regional hub for agriculture, particularly cotton production, along with healthcare and higher education.
- What should a Lubbock 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 Lubbock?
Send the property, amount and deadline. A principal will respond directly.