Stratton Equities : In the News Update!

About a week ago, I was invited to speak on the “Think Realty Podcast” with Abhi Golhar. Golhar was excited to go “under the hood” of Stratton Equities and discover what makes it a groundbreaking lender company. It always amazes me how many people in the mortgage industry still confuse Hard Money Loans with Fix and Flip Loans.

Abhi gave me the opportunity to discuss the the intricacies of how Stratton Equities operates, and the ins and out of being a direct private money lender.

What makes Stratton Equities unique is that we look at every client case by case. Unlike other companies, if we can’t do the loan we tell people directly, we don’t just hold onto a loan scenario, and try to see what else we can do with it.

If you're looking for the difference between a professional private money lender and a “marketing arm with no license,” the best way to tell the difference is simple: proper licensing. 

I truly enjoy the opportunities that working with Hard Money loans provides, not only to the Stratton Equities' loan officers, but also to the lenders we get the chance to work with. For instance, recently I had borrower who reached out that was struggling.

This individual, was a young girl who was in a car accident and had sued the person that hit her. She won a settlement of a quarter of a million dollars and invested it in Real Estate. She used the funds to purchase a property at 19 in New Jersey.

Unfortunately, she doesn't have any family or support system, she has no credit history, and only receives monthly income of $2,000. All she has is the property, which is her only asset.

Currently, the property is worth $230,000 and is in a college town, so luckily it has the potential to be rented easily. Due to this, we were able to give her a 60% LTV (loan-to-value ration) hard money loan, and create an interest reserve so that she wouldn't have to pay a mortgage for the next twelve months.

This loan literally saved her life! She can now go to med school, pay her expenses and live her life without the burden of a mortgage for the coming year.

If you want to hear more, listen to the full podcast here: https://lnkd.in/d5mEAu

If you have a loan scenario that you'd like to present to one of our loan officers, please visit our website and submit an application: https://www.strattonequities.com/