Multifamily · First lien · Nationwide
Multifamily hard money & bridge loans.
Apartment communities from garden-style to mid-rise, stabilized or in transition. Multifamily is the asset we know best as an owner-operator, which is why it is the core of our lending.
Stokley Intelligence · Updated September 2026
Multifamily Market Outlook 2026
A structured view of the developments shaping multifamily—and the situations those developments may create for owners, lenders and investors.
Underwriting
What we look at first.
- Trailing rent roll, collections and concessions
- Unit condition and the real cost of turns and deferred capex
- Expense load — insurance, taxes, payroll and utilities
- Submarket rents and competing new supply
- Sponsor's operating track record and management plan
Situations
Where we're most useful.
- Floating-rate bridge loans maturing before the property is ready for agency debt
- Acquisitions of underperforming communities with a renovation plan
- Lease-up after a renovation or new delivery
- Partnership disputes that require a buyout
Selling a multifamily property? Stokley also buys real estate as a principal. Submit it for acquisition.
Hard money lending guidelines
- 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.
By state
Multifamily loans by state.
State pages combine local economic context with how we approach multifamily loans there.
Southwest
Northeast
Request loan terms
Multifamily loan request.
Questions
Multifamily loans, answered.
- Do you provide multifamily hard money loans nationwide?
- Yes. Stokley Capital provides first-position, business-purpose multifamily loans nationwide, subject to state requirements.
- What size multifamily loans do you make?
- Typically $1M–$5M. Larger loans are considered.
- What do you look at first on a multifamily loan?
- Trailing rent roll, collections and concessions; Unit condition and the real cost of turns and deferred capex; Expense load — insurance, taxes, payroll and utilities.
- Do you take second position?
- No. Every loan is a first lien on the property.
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
Have a multifamily loan request?
Send the property, amount and deadline. A principal will respond directly.