Stearn’s Bank

Review, Rates and contact information

About

Stearns Financial Services Inc. (SFSI) is a well-capitalized independent financial holding company with a total asset value of $2.4 billion. Established in 1912 and headquartered in St. Cloud, MN, the bank has a rich history. In 1964, it was acquired by Norm Skalicky, and his daughter, Kelly Skalicky, assumed the role of president in 2018, later becoming both president and CEO.

Stearns Bank has expanded its reach with locations in Minnesota, Arizona, and Florida, continuing its commitment to excellence and providing financial services to communities across these regions.

8 contacts were found in LoanBase's database

Restrictions/note

Do not offer Cashout loans,Stearns Bank is considered a regional bank. It has a significant presence in the Midwest and operates as a community bank, serving businesses and individuals in specific regions rather than on a national scale.

Offered Loan Program Types

Property Types

Loan Amount

$100K - $80M

Time to close

30-60 days

Primary Areas Served

Midwest

Max LTV

70%

Origination Fee

1.5%

Specialty

Over $10mm, Portfolio/Blanket loans, Foreign National, Raw Land, Affordable Housing, Medical, Warehouse, Storage, Single Tenant

recently closed deals

Loan date

Loan Amount

Property Subtype

Address

ZIP

10/27/2023
$1,450,000
Retail
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Loan date

10/27/2023

Loan Amount

$1,450,000

Property Subtype

Retail

Address

***** **** **** **