Review of Stratton Equities www.strattonequities.com Hello everyone, My name is Robert, and I wanted to share my experience with Stratton Equities because it was so exceptional that I felt compelled to tell others. If you're looking for a lender for a property purchase, don't waste your time with other firms or local banks. Stratton Equities truly stands out--you'll honestly wonder why anyone would go anywhere else. The only reason people don't is that they simply don't know Stratton exists. Over the years, I've worked with many lenders--local banks, big banks, and hard money lenders. They all bury you in endless paperwork, make endless promises, and deliver subpar results. Just when you think you're close to closing, they hit you with hidden fees, stress, and broken commitments. My experience with Stratton started when I called and spoke with Michael. I explained my situation and needs, and he really listened. He developed a plan that made sense for me. Michael is not only professional but also genuinely kind and down-to-earth--the type of person you'd want to hang out with. Then I worked with Alessandra, who set up my client portal and guided me through uploading the required documents. The process was smooth and straightforward--just the standard paperwork you'd expect. The team even helped clear a title issue caused by a lien that should have been removed 15 years ago from a now-defunct lender. Once everything was complete, Michael worked with me to secure a fantastic rate with reasonable fees. We set a closing date, and within two days, a notary came to my home. I received the funds the same day. Honestly, it was so easy that I kept waiting for something to go wrong--but everything went exactly as promised. The entire process exceeded my expectations. Stratton Equities is an honest, efficient, and trustworthy firm. Both Michael and Alessandra were outstanding to work with--professional, transparent, and genuinely caring. This was truly an A+ experience. If you're looking for a loan, these are the people to call. You'll get amazing rates, quick turnaround times, and real support from real professionals. I stand by every word of this review--it's 100% honest and accurate. Do yourself a favor and skip the other lenders. Working with Stratton Equities was one of the best decisions I've ever made. Robert read more

35% DEFAULT RATE. 35% DEFAULT RATE. 35% DEFAULT RATE. If you want your property being foreclosed by the lender, Stratton Equities is the way to go. I have worked with a countless DSCR hard money lenders in the past, Stratton is the most dishonest, rude, and deceptive. The loan originator, Jake Yuskaitis, does not give any information or term sheet when we worked on the loan. When the loan is cleared to close, they push for a closing right away without giving the borrower a lot of time to review the loan documents. Stratton Equities charges 2% for the loan origination. And they have the nastiest attitude, even from their loan processor. read more

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. read more

My experience with Stratton Equities exceeded my expectations. As everyone knows that mortgage process is consuming and frustrating with all the information you get asked for and IS very personal. This requires trust in a stranger... my loan officer was very patient and asked about my goals first! That was a NEW and different concept in my past experience. Typically I would give my info and passed on to someone else!! Not here. Thank you for my experience! read more

Michael & his team are on point & know they're stuff. As a loan officer who brokers some of our deals. I'm happy to send my clients his way knowing they'll be in good hands. read more

Can't say enough about Stratton...They helped me navigate a difficult deal and I look forward to continue working with them. Whatever investment I plan on pursuing, I know they will be there to guide me through! read more

As a borrower I can honestly say that working with Stratton Equities was simple and hassle-free. The Loan Officers were honest and forthright with all details for my loan throughout the entire loan process. I will defiantly be working with Stratton Equities again. read more