How to get a soft loan from a private lender | Think realty

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Stratton Equities has developed a simple and easy process for obtaining a soft money loan for your real estate investment needs. We have a range of Soft Money, Hard Money and NON-QM loan programs designed for any type of real estate investor to meet all your mortgage needs. No matter which loan scenario entails, our fast and efficient approval process ensures that you get timely approval from a dedicated loan officer working with your investment property.

3 steps to get a soft money loan:

Step 1. Find a reliable nationwide private lender specializing in soft money lending.

When looking for a soft money loan for your investment property, it is important to find a reputable nationwide private lender specializing in soft money loans. Due to the exclusivity of this type of loan program, many lenders do not offer a concessional loan program.

If you are looking for a soft money lender because the bank turned you down, then you can rush to the first soft money lender you can find to get a loan quickly.

Stratton Equities, a leading nationwide private equity and non-QM lender, we are one of the few lenders to offer a soft money loan program.

Step 2: apply for a soft money loan

If you are ready with your loan scenario and ready to apply for a loan, it is important that when filling out Loan Approval Application you have the following information;

  • Property type (for example, 1-4 family, commercial, multi-family, mixed, etc.)
  • Purpose of the loan
  • Price
  • Target closing date

A concessional loan is defined as a long term (5/1 ARM, 7/1 ARM, 30 year fixed) real estate investment loan program that closes faster (2-3 weeks) than a regular loan.

This type of loan requires more underwriting than a hard money loan, which allows for lower rates and more security. It is based on both the borrower’s credit rating and the property’s LTV and is usually a term loan rather than a bridging loan.

Step 3: Get a soft money loan

Soft Money is a new innovative approach to cash lending for real estate investors that combines the benefits of both concessional loans and more traditional loans.

A soft money loan requires more underwriting than a hard money loan, but much less than a hard money loan, which allows it to have lower rates and more security in a shorter time frame. This is an urgent loan that can help a borrower build or repair a loan!

The combination of lower rates, loan increases and longer maturities makes a concessional money loan very suitable for those looking to buy investment property or invest in real estate.

Contact Stratton Equities, a leading soft money lender, to speak with one of our talented and experienced loan officers at 800-962-6613. Email us, or apply for prequalification for a loan Today!



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