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What are the Benefits of Soft Money Loans? As a new type of lending program, soft money loans are perfect for first-time or seasoned investors who are looking for options that offer long-term financing. It can apply to commercial, multi-family, or investment properties as long as the lending strategy reflects the need for long-term financing. With its competitively low costs and risks, soft money loans are perfect for those in need of massive loans at an affordable cost and with a generous timeline. They are more flexible than traditional loans as they allow investors to borrow at lower rates with fewer creditory prerequisites and qualifications. Unlike conventional loans, a soft money mortgage loan requires no income verification from the borrowers - instead, these mortgage programs are based on credit history, real estate investment experience, and liquid assets, which are then processed through underwriting.
The real estate world can be complicated. There’s a significant amount of terms and concepts that you need to understand to be successful in the field. Real Estate Investors, borrowers, and entrepreneurs are some of the most fundamental terms you’ll need to know. Luckily, these are very self explanatory and easy to understand. Here is what each term means and the differences as well as similarities between them.
How to Get a Hard Money Bridge Loan with Bad Credit? If you’re a borrower looking for financing options for your investment property, your only options are to reach out to conventional institutions (banks), mortgage companies, and direct private money lenders. However, if you are a real estate investor with bad credit, many of the traditional funding sources would not be valid options. Most banks and mortgage companies do not offer mortgage loan programs for individuals with low credit scores. Fortunately, in the world of private money lenders, a Hard Money Bridge Loan is a perfect option to receive funding and even fix your credit score. There are so many loans out there and many of them heavily base whether or not they will give someone a loan based on their credit score. Thankfully, this isn’t true for Hard Money Loans.
Stratton Equities' Insider with Michael Mikhail We talked with the CEO of Stratton Equities Michael Mikhail about everything from entrepreneurship to the benefits of private money lending.
What’s the Difference between a QM and Non-QM Loan Program for Real Estate Investors? Great question! QM stands for a qualified mortgage. Qualified mortgages tend to be traditional government-backed loans and conventional loans (basically non-government backed traditional loans). QM Loans are usually processed through a bank on an owner occupied property whereas NON-QM Loans are a more desirable solution for real estate investors on an investment property. NON-QM stands for a NON-qualified Mortgage. Non-QM loans are typically portfolio loans for private investors that do not conform to the strict government or conventional mortgage guidelines. Find out more in our latest blog!
Build and Scale Your Rental Portfolio Using the Right Financing - Financing is one of the most important aspects to consider when building your rental portfolio. Watch this interview with Michael Mikhail, the CEO of Stratton Equities, a NON-QM lender to learn what you should be looking for in financing and how it can help you build a successful portfolio. More Info: https://www.strattonequities.com/
ABFJ Podcast 46: Soft Money vs. Hard Money in Real Estate Investing - In the 46th episode of the ABF Journal Podcast, Michael Mikhail, CEO and founder of Stratton Equities, broke down the differences between soft money and hard money loans, looked at how the COVID-19 pandemic has affected the commercial real estate market and provided advice for real estate investors in the current market.
So, You Want to Be A Real Estate Investor...The Top Questions Real Estate Investors Ask–Answered As a real estate investor, your number one priority should be to be open to learning and educating yourself on the real estate market's happenings. These frequently asked real estate questions will provide you with a better understanding of what to expect as a real estate investor and provide you with the ability to stand out from your competitors. Find out more in the link below!
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A NO-DOC mortgage loan is a type of asset based loan program that does not require income verification or tax returns from the borrower. Instead, this type of private money loan is approved on the confirmation to the lender that the prospective borrower can afford the loan payments. Rates Starting at 4.375% $100K – $5M Up to 85% LTV Blanket Loan Options Available Single-Family, Condos, Townhomes, Multi-Family, Commercial, Mixed Use, Office, Retail, Industrial, Warehouse Fixed rates/Adjustable 5/1 ARM, 7/1 ARM, 30 Year Fixed Interest Only Option Available Foreign Nationals Eligible No Prepayment Penalty Option Available
