Multifamily · First lien · In most US states
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.
Yes. Stokley Capital makes first-position, business-purpose multifamily hard money and bridge loans in most US states, typically $500,000 to $5 million, with larger loans up to $10 to $15 million considered case by case and no loans under $500,000. Every request is reviewed and decided directly by the principals.
Stokley Capital 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
Sized to as-is value.
Loans are sized to as-is real estate value, in first position, as bridge and hard money. Net operating income and projections do not set the loan amount.
- 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 Capital is also a real estate investment firm. We acquire, own and operate real estate across the United States. Submit it for acquisition.
Plan the loan around the situation
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.
- 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.
- Can a hard money loan finance an apartment acquisition or maturing loan?
- We review first-position bridge requests for non-owner-occupied apartment properties with five or more units, including acquisition, lease-up, value-add and refinance of maturing debt. The loan is sized to as-is value and the owner's equity. Operations and projections do not set the amount. Every deal is subject to underwriting and state requirements.
- Do you provide multifamily hard money loans in most US states?
- Yes. Stokley Capital provides first-position, business-purpose multifamily loans in most US states, subject to state requirements.
- What size multifamily loans do you make?
- Typical loan size: $500,000 to $5 million. Larger loans up to $10 to $15 million are considered case by case. No loans under $500,000.
- 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.