Stratton Equities

I have worked in real estate for 10 years with various hard money, dscr, and traditional lenders. Stratton was, by far, the most unprofessional outfit I have ever worked with. Their sticker rates are competitive but every single other thing about them is a train wreck;1. I was told my refi dscr would close in several weeks, it took two months. This caused me an unbelievable amount of heartburn. I was closing on another property and had to take loans from family, credit cards in order to close without the $ from the refi which cost me an extra $2000.2. I was quoted a 6.7% interest rate and never told anything different. Then, Straton underwriting slow-walked their process past my rate lock period which hiked the rate to 7.1% which will cost me an extra $120/month in interest until I refi. I was never told the rate would be anything but 6.7% until the papers arrived 24 hours before closing.3. Speaking of refi, I was never informed that my dscr did not have an industry standard 12 to 24 months of "seasoning" but instead a five year lockup where I would pay 6 months of payments as a penalty for refing out of the loan early. 4. Stratton charges a 3% origination fee instead of the 1-2% industry standard. Again, no notice of this until closing papers.5. The closing papers were drawn up badly and had three charges in the credits column that should have been in the debits column. If I had not of double checked the math, I would have paid an extra $5400 in closing costs because of this sloppy work. There were several redunant sections as well in the 160 pages that could have been eliminated. 6. Stratton insists you must use both their own appraisal company and their own title company. Both are overpriced and terrible. The appraisal company cost me triple what I paid for my last property and took three weeks instead of the 2 to 4 days a rush job, or the week a normal job takes. Adding insult to injury, they scheduled my appraisal during my Easter vacation and refused to move it up, which meant I had to cut my vacation in half, book a last minute exrta flight, and miss my mother's birthday in order to be there for the appraiser. Further, I paid for a multi family appraisal as my property was a duplex and received a single family appraisal with no multi family comps in the comparison set or income derived valuation. The title company charged about 35% more than my usual company and then mistyped my account information when wiring me the funds then charged me the $45 bounce fee because of their typing mistake.7. The underwriting process itself was the slowest, messiest disaster I have ever seen. Stratton wanted far more documents/info then any other lendor I have ever worked with and only requested them 2 or 3 at a time. If they had sent me an organized list at the start, we could have cut the underwriting period in half. Instead, every few days to a week I got an email requesting another 2/3 things until I supplied all ~40 documents they wanted.I closed on another loan with another company last week for a different property. It took 10 days to close, the fees were less, the terms were industry standard, and underwriting was a smooth, quick process. Sure, the sticker rate on it is .3 higher than whay Stratton offered me for my other property, but it was overall a MUCH better option. Don't let Stratton's sticker rate fool you, you will pay for the .3% rate advantage with higher fees, worse terms, and unbelievably poor service.

Stratton took the time to understand my concerns and goals. While also providing relevant data that gave me a complete scope of my options. As well, their informative blogs helped me understand the basics to start the process.

I really needed help with loan programs. I couldn't find a loan program that I thought fit but Stratton's wide array of options were great for me. I found the perfect option!

Stratton is a predatory lender as its finest. As a borrower, I repeatedly ask Heather and Jake for loan documents. They have been procrastinating and refused to provide the same until the very last minute. When I reviewed the loan documents, Stratton inserted a whooping 35% usury default rate, without any cure provisions. That means, Stratton can allege anything under the Event of Default, then collects 35% interest until the property is foreclosed or sold. They got my LLC tax election wrong and would not budge to make those changes. I have never seen any lender this condescending.Doing business with Stratton is like beggars cannot be chooser, work with them at your own risk.

After working with them and having all our deals go through, I would say I am and will be a Stratton Equities' Loyal Client.

I had a great experience with Stratton. Every single person i spoke to and dealt with were incredibly professional and dedicated.

I did not have a single issue during the process. Michael and his team were very professional. I recommend them all the time.

Knowledgeable and sharp lenders, and most importantly honest!

Very responsive and fast. They are by far the best hard money lenders I have worked with.

I love the fact that they are straightforward and completely honest. I so very appreciate that. That is what makes the difference between one company and another.

I can’t say enough good things about the team at Stratton. They go above and beyond to make it easy to get a loan. They are laser focused on what’s in the customers best interests.

I am so glad I decided to contact Stratton Equities. They are such a professional team and helped me finding the solution to my problems. Very satisfied with the outcome.

I had the pleasure of working with the President and CEO of Stratton Equities. They were amazing to work with, such a professional team... I am looking forward on doing more business with you guys...

It took us a long time to find an honest company to work with... We have been working with Stratton Equities for almost 2 years and we can not be more satisfied with their outstanding service.

It took us a long time to find an honest company to work with... We have been working with Stratton Equities for almost 2 years and we can not be more satisfied with their outstanding service.

Amazing rates, high LTV's! Highly recommend.

I've been shopping around for the best private money loan for some time. Glad I found Stratton Equities, their private money rates and high LTV's are amazing! Iv'e found my lender for life!

Very professional staff, I am very satisfied with their services. I will definitely work with them again in the future.

Very easy to team to work with. They helped me close quickly. Saved around $500 a month.

Great service. Easy to get ahold of loan officer assigned. They always quickly returned my calls. Overall process was done quickly.

They truly offer the lowest interest rate with the lowest fees. Excellent service and follow up.

Professional and easy to work with. Thorough customer service. Andrew helped me through the whole process and was always on top of things to make it happen. Thank you!!

I am so glad I got the best rates available and the lowest cost to close. Garry was very informative and reliable, honest and trustworthy... Best loan lenders in the market!

They went above and beyond to get the job done. Friendly, efficient and professional team...

Good, friendly and professional team. Easy and transparent process. Great rates!

We really appreciate the person who worked with us. Patrick was very professional. Very honest and thorough process.

Working with Stratton Equities was a hassle-free process that was completed in a professional and prompt environment. I can't recommend this company enough! I will defiantly work with them again.

I've been looking for programs and rates like these for ages! I worked with Chris and he and the rest of the team were amazing. Thanks guys!

As a real estate investor, it was a breath of fresh air to work with a group of professionals that did not over promise and under deliver. I will continue to work with Stratton Equities in the future.

I highly recommend Stratton Equities! The Loan Officer I worked with, Brendon, was extremely helpful and knowledgeable in regards to my Foreclosure Bailout Loan. Luckily it closed in 2 weeks and saved me from Foreclosure on my investment property! Stratton Equities was a life saver.

I worked with Stratton Equities on a purchase of my first investment property. This was a scary time for me but Stratton Equities made it very easy for me and took the stress out of the buying process. I couldn't be happier with choosing to work with them.

They did a great job closing my loan quickly and easily! Highly recommend.

First I have to say my Loan officer was a pleasure to work with. He was knowledgeable, responsive and closed my deal quicker than he originally estimated. I am a seasoned real estate investor and have worked with many lenders in the past. Stratton Equities is my new go to lender.

Stratton did a phenomenal job on my fix and flip loan. we close in 14 days give or take and it was a painless process.

I have taken multiple loans from Stratton and have had an easy time working with their team. They are fair and professional.