You may have heard of Stratton Equities as one of the nation’s premier direct private money lenders–but do you know our backstory and how we got here?
This post will briefly introduce you to Michael Mikhail, CEO and founder of Stratton Equities. You’ll also learn how he grew Stratton Equities into a leading national direct private money lender. Keep reading!
How Stratton Equities Got Its Start
The founder and CEO of Stratton Equities, Michael Mikhail, was a lifelong entrepreneur and innovator in the real estate market. Upon purchasing his first home at 19 years old and traveling to 19 countries within five years, Mikhail became inspired by the idea that he should start his own business in the U.S.
Aware of the mortgage industry’s transformation resulting from regulations presented between 2008 to 2012, Mikhail knew it was time to seize the opportunity. He founded Stratton Equities in 2017, eventually growing it to become one of the leading companies in the mortgage and real estate industries.
Next, it’s essential to clarify precisely what a direct private money lender is, so you understand what sets our services apart from the competition.
What Are Direct Hard Money Lenders?
A direct hard money lender, also known as a direct private money lender, is a non-institutional (non-bank) individual or company that loans money, usually secured by an asset (note & deed of trust), for the purpose of funding a real estate transaction.
There are many advantages to using a direct hard money lender, including:
- Less underwriting
- Faster closing times (7-14 days)
- Fewer guidelines
- Access to endless capital, meaning the opportunity for endless deals
Learn more about our direct hard money lending programs on our website.
Let Stratton Equities Help You With Your Next Project
At Stratton Equities, our mission is to make private mortgage lending easy, efficient, and worry-free. We help other experienced investors, developers, and professionals in the mortgage and real estate industry succeed with a simple 3-step process, including pre-approval, processing & underwriting, and funding. Call us at 800-962-6613 or contact us online to find out whether you are eligible for loan pre-qualification!