Multifamily hard money loans in Louisiana.

Louisiana market context

The economy behind the collateral.

Louisiana's economy is built around Gulf Coast petrochemical and energy operations, the Port of New Orleans and Port of South Louisiana, and a hospitality sector tied to New Orleans' tourism and convention industries.

• Petrochemicals and energy
• Port and maritime trade
• Tourism and hospitality
• Agriculture
• Aerospace manufacturing

Multifamily 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

Multifamily loans we see in Louisiana.

• 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 in Louisiana? Stokley also buys real estate as a principal. Submit it for acquisition.

Louisiana metros

Local lending pages.

We lend across Louisiana, not only in these metros. Each page covers the local economy and a direct request form.

• New Orleans, LA
• Baton Rouge, LA
• Shreveport, LA
• Lafayette, LA