Bridge lenders
Stratton Equities
Stratton Equities is a nationwide private money and NON-QM mortgage lender for real estate investors. Its loans are business purpose and asset-based: approval rests on the property's value or potential value, expressed as loan-to-value, rather than on tax returns, reported income, or credit score.
The program list is wide. Hard money bridge loans run $100K to $5M at up to 75% LTV on 9-24 month interest-only terms, with rates starting at 9.99%. DSCR rental loans run $100K to $5M at up to 80% LTV with fixed, adjustable, 5/1 ARM, 30-year fixed, and interest-only options, starting at 6.99%. Fix and flip loans go to 85% LTV or 75% ARV with 100% of the rehab funded, starting at 10.49%. Other programs cover NO-DOC loans, stated income and no-income-verification loans, soft money, cash-out refinance, commercial bridge, NO-DOC commercial, blanket, multi-family, rental, and foreclosure bailout loans. Foreign nationals are eligible across programs, and a no-prepayment-penalty option is available.
Eligible collateral is investment property only: single-family, condos, townhomes, multi-family, commercial, mixed use, office, retail, industrial, and warehouse. The company works with brokers as well as direct borrowers and advertises no upfront fees, no junk fees, and no tax returns.
The company works from 28 Bloomfield Avenue in Pine Brook, New Jersey. Quoted closing times differ from page to page on the site, so confirm the timeline for a specific program, along with current rates and terms, which the site says are offered only to qualified borrowers and can change without notice.
Best for
Real estate investors and brokers who need asset-based financing on investment property without tax returns or income verification, and whose deals fit loan sizes between $100K and $5M.
What they do
- Hard money bridge loans
- DSCR rental property loans
- Fix and flip loans
- NO-DOC and no-income-verification loans
- Cash-out refinance on investment property
- Commercial bridge loans
- Blanket loans across multiple properties
- Multi-family loans
- Foreclosure bailout loans
- Soft money loans
Details
| Attribute | Value |
|---|---|
| How they charge | Rates start at 9.99% on hard money and bridge, 6.99% on DSCR, and 10.49% on fix and flip; loan amounts run $100K to $5M. |
What stands out
- Hard money and bridge loans run $100K to $5M at up to 75% LTV, with rates starting at 9.99%.
- DSCR loans go to 80% LTV with rates starting at 6.99%, including 30-year fixed options.
- Fix and flip loans go to 85% LTV or 75% ARV and fund 100% of the rehab, starting at 10.49%.
- Foreign nationals are eligible and a no-prepayment-penalty option is available.
- Advertises no upfront fees, no junk fees, and no tax returns.