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Stratton Equities is the leading Nationwide Direct Hard Money & NON-QM Lender that specializes in fast and flexible lending processes. Our team is owned and operated by experienced Real Estate Investors providing a reliable and knowledgeable team to help all Real Estate investors succeed.
Our hard money and direct private money loan programs support the following investment projects:
- Fix and Flip
- Cash Out – Refinance
- Fixed Commercial Loans
- Commercial Bridge Loans
- Bridge Loans
- Stated Income/No-Income Verification Loans
- Rental Loans
- Foreclosure Bailout Loan
- New Construction
- Blanket Loans
- Fixed Rental Programs
- Multi-Family Loan
Property Geographic Area Details
Nationwide except NV, ND, SD, VT
Loan Amounts
$100,000 to $5,000,000
Interest Rates
5% to 9.99%
Max Loan-To-Value
80%
Max Loan-To-Cost
90%
Origination Fees
0% to 4%
Loan Terms
3 months to 360 months
Lien Position
- 1st
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
- Value Add Project
Property Occupancy
- Vacant
- Tenant Occupied 100%
- Owner Occupied Commercial
Property Types and Loan Types
Collateral Types
- Residential Property
- Commercial Property
Property Types
- 2-4 Units Residential
- Condominium
- Industrial
- Mixed-Use
- Multifamily
- Office
- Single Family Residence
- Storage Facility
Loan Types
- Private Money
- Hard Money
- Residential Bridge
- Residential Fix and Flip
- Residential Rehab and Rent
- Residential Long-Term Rental
Specialty Loan Types
- Residential Long-Term Rental
- Foreclosure Bailout
- Residential Non-Prime
Purchase Loan
Max Loan-To-Purchase Price
90%Borrower Must Have Property Under Contract
yesWill Provide Proof of Funds Letter
noWill Consider Lending on Purchase from Auction
noAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Subject Property
Rehab Value Add Loan
Experience Required
noMinimum Number of Value-Add Projects Completed by Borrower
0Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
100%Interest Charged for Renovation Costs
Only on Funds DrawnTypical Number of Days for Funds Draw
0Maximum After Repair Value
75.00%Residential Long-Term Rental
Minimum Loan Amount
$100,000Maximum Loan Amount
$5,000,000Minimum Interest Rate
5%Maximum Interest Rate
7.99%Maximum Origination Fee
4%Minimum Loan Term
36 monthsMaximum Loan Term
360 monthsMaximum Loan-To-Value
80%Maximum Loan-To-Purchase
80%Minimum Debt Service Coverage Ratio
1.10Will Lend on a Portfolio of Rentals
YesMinimum Number of Properties
3Details and Requirements
Typical Closing Time (Days)
14Fastest Closing Time (Days)
7Payment Structure
- Interest Only
- Amortized
Pre Payment Penalty
yes
Short-term bridge loans may not have a pre-payment penalty. Long-term loans will have a pre-payment penalty.Will lend to a foreign national
yes
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
noWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- LLC
- Corporation
Documentation Required
- Credit Report
- Bank Statements
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
yesMinimum Credit Score Required
400Credit Check Description
Short-term loans don't require good credit. Long-term rental loans require at least 650 FICO score.Appraisal Required for Residential Property
AlwaysAppraisal Required for Commercial Property
AlwaysBroker Price Opinion (BPO) Accepted for Residential Property
NeverBroker Price Opinion (BPO) Accepted for Commercial Property
NeverFees
Processing Fee
Documents Fee
Legal Fee
Settlement Fee
Inspection Fee
Fees which are mandatory for all new borrower clients
- Processing Fee
Fees which are paid to a third party company
- Legal Fee
- Settlement Fee
- Appraisal Fee
- Inspection Fee
- Title Fee
- Credit Report Fee
- Background Check Fee
Additional Details
Our in-house processing fees typically total around $1,500.
Stratton Equities is the leading Nationwide Direct Hard Money & NON-QM Lender that specializes in fast and flexible lending processes. Our team of professional loan officers, have a background in real estate investing as well as the extensive knowledge needed to work with various loans and property types. We understand the importance of getting a deal approved quickly and efficiently.
INTRODUCTION TO STRATTON EQUITIES’ CEO – MICHAEL MIKHAIL
Michael Mikhail is the Founder and CEO of Stratton Equities, the nation’s leading hard money and NON-QM lender to national real estate investors, with the largest variety of mortgage loans and programs nationwide.
Having launched Stratton Equities in early 2017, Michael has always been an entrepreneur and innovator in the real estate market, purchasing his first home at 19 utilizing hard money.
A serial entrepreneur with a foresight for business opportunities, Michael had a slew of small businesses prior to launching Stratton Equities. One of his most prolific ventures was a car wash connected to a gym he was affiliated with in Florida between 2001-2002.
Michael officially joined the mortgage industry in 2003 and decided to travel to explore his options globally. After traveling to 19 countries in 5 years, Michael knew two things; he wanted to start his own business and launch it in the United States. He knew that moving back to the states was the best place he could start something small and grow it into something infinite.
In 2017, Michael noticed how the mortgage industry had transformed after the regulations presented from 2008-2012, and knew it was time to set out something on his own, thus creating Stratton Equities.
Under Michael’s leadership, Stratton Equities has grown into one of the biggest leaders in the Mortgage and Real Estate industry across genres and platforms.
Company Size (Number of Employees)
35
Year Established
2017
Office Locations
28 Bloomfield Avenue, Pine Brook, NJ 07058Primary Capital Source
- Hedge Funds
Loan Structure for Majority of Loans
- Own Balance Sheet
Percentage of company’s lending business focused on private mortgage
100%
Company’s Other Business Activities Besides Private Mortgage Lending
- Commercial Mortgage Banking
Percentage of Loans Secured by Commercial Property
20%
Percentage of Loans Secured by Residential Property
25%
Percentage of Residential Property Loans Which are Fix and Flip
20%
Percentage of Residential Property Loans Which are Buy and Hold
50%
Percentage of Commercial Property Loans Which are Ground-Up Construction
15%
Percentage of Residential Property Loans Which are Ground-Up Construction
20%
Percentage of Residential Property Loans Which are Long-Term Rental (5+ years)
50%
Total Number of Loans Funded to Date
750
Total Loan Volume Funded to Date
$225,000,000
2018 Number of Loans Funded
250
2018 Loan Volume Funded
$75,000,000
2019 Number of Loans Funded
500
2019 Loan Volume Funded
$150,000,000
Our Minimum Loan Amount Is
$100,000
What We Do
- Residential & Commercial Properties
- Bridge, Rehab, Flip, Long-Term Rental
- Up to 90% LTC for Rehab Projects
- 10%+ Cash Required for Flip Purchase
Not Available
- NO 100% Financing
- NO Owner-Occupied Homes
- NO Land Loans
- NO Ground-Up Construction
- No Rural Areas