Midwest · Minnesota · Multifamily · First lien
Multifamily hard money loans in Duluth, MN.
First-position multifamily loans in Duluth, Minnesota (MN) — typically $1M–$5M, larger considered — for acquisitions, maturities, bridge and value-add plans. Reviewed and decided directly by the principals.
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.
Duluth market context
The Duluth economy behind the collateral.
Duluth's economy is tied to Great Lakes shipping through its port on Lake Superior, along with tourism, healthcare, and regional logistics.
Financing situations often involve industrial and warehouse space linked to port shipping activity and hospitality serving tourism.
Economic anchors
- Port of Duluth-Superior
- Essentia Health
- University of Minnesota Duluth
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 Duluth.
- 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 Minnesota? 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
Duluth, MN multifamily loan request.
Questions
Duluth, MN multifamily loans, answered.
- Does Stokley Capital make multifamily loans in Duluth, MN?
- Yes. We make first-position multifamily hard money and bridge loans in Duluth, Minnesota (MN), typically $1M–$5M, with larger loans considered.
- What drives the Duluth market?
- Duluth's economy is tied to Great Lakes shipping through its port on Lake Superior, along with tourism, healthcare, and regional logistics.
- What should a Duluth multifamily 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 multifamily in Duluth?
Send the property, amount and deadline. A principal will respond directly.