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Soft Money Loans Starting at 4.375% Up-To 85% LTV
Hard Money Loans Starting at 7.25% Up-To 90% LTV
Cash Out Loans Starting at 4.375% Up-To 80% LTV
Stratton Equities' CEO Michael Mikhail Named in Forbes Next 1000 After launching an exit strategy company in 2013, Mikhail caught the entrepreneurship bug again in 2017, founding Stratton Equities: a company that helps real estate investors acquire funding to finance investment properties. The firm works with 500 clients annually.
Pros and Cons: Short Term Loans vs. Long Term Loans Real estate investment loans can be tricky and it can be unclear at times which ones are the best. While there are many versions of loans, let’s go to the basics. There’s a time frame that you need to pay for your loan. It can be on the shorter side ranging from months to a couple of years and long-term loans can take more than a decade to pay off. Now, there are pros and cons to each of these and one of them may be a better fit depending on your loan scenario. Types of Short Term Real Estate Investment Loans: Bridge Loans Hard Money Loans Fix and Flip Loans Foreclosure Bailout Loans Types of Long Term Real Estate Investment Loans: Soft Money Loans Rental Loans NO-DOC Loans Stated Income Loans No Income Verification Loans
Are You a Candidate for a NO-DOC Loan? You might be a candidate for a NO-DOC loan, or No documentation mortgage loan, if you do not meet the strict Consumer Financial Protection Bureau's (CFPB) mortgage loan conditions. This type of loan is a NON-QM loan and is designed for some rental property investors, borrowers that are self-employed, and those who do not meet conventional loan standards. Stratton Equities can also fit self-employed borrowers into the QM space. It is also an option for borrowers who have had challenges qualifying for a NO-DOC loan due to credit issues (such as bankruptcy, foreclosures, late payments, or other isolated credit issues) in the past or have an unconventional source of income.
What is a Term Loan for Real Estate Investors? When building a successful business as a real estate entrepreneur, it’s important to become well versed in the world of private lending and real estate investing. Some of the most common mistakes come from investors not knowing which loan program is right for a potential investment property or the differences between each program. There are two types of loan programs; term loans and bridge loans.
How to Benefit from a Private Money Loan Banks used to be the only option for real estate investors trying to take out loans. Nowadays, private money lenders are allowing investors to borrow money under more flexible conditions. Banks and traditional financial institutions can reject your loan application for multiple reasons—your credit score, your debt-to-income ratio, employment status, etc.— What private money lenders do is implement a framework that makes it easier and more conducive to be a real estate investor. The real estate market moves fast, and it is often crucial to act quickly. But the process of getting a traditional loan through a bank can often be lengthy and complicated. Many of the solutions and loan programs from private money lenders are easier and quicker to get than through banks, which is why private money loans are often better options for real estate investors.
Why Should You Use a Bridge Loan? It's Straightforward & Easy : This type of loan has short-term financing (12-24 months) for real estate investors, who prefer to finance the purchase and/or rehab of their investment property, with a Fix and Flip loan (also a Bridge Loan) or a Cash Out Refinance loan. Quick Access to Funds: With conventional loans, there are qualifications that restrict you from getting access to those funds. With a Bridge Loan there are less guidelines, underwriting, and restrictions that will provide you with quick access to financing. For Every Type of Real Estate Investor: A Bridge Loan is a great solution for any real estate investor - at all experience levels. Options for all types of Properties: At Stratton Equities we have Bridge Loans that are tailored to your investment needs. Here are some of our Bridge Loan options for Real Estate Investors; Fix and Flip, Cash Out Refinance, or Purchase Money.
If you’ve ever considered looking into purchasing real estate, it can almost be daunting to decide what time of property to purchase. The most common real estate investments are multi-family properties. These types of buildings, investment homes, and apartments/condos are ideal assets for their ability to increase cash flow for the property owner. Once you’ve found the multi-family property you’d like to purchase, you can begin the loan application process to determine which type of private money loan program is right for you. In the world of private money lending, there are several loan programs for multi-family properties, including multi-family bridge loans and NO-DOC multi-family loans. However for self employed real estate entrepreneurs, NO-DOC multi-family loans have become the ideal choice.
