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3 Steps to Processing a Hard Money Loan

We have a quick and easy process for National Real Estate Investors looking for a Hard Money Loan for their loan scenario. Here are the 3 Steps to Processing a Hard Money Loan with Stratton Equities.

1. Pre-Approval

When a potential borrower applies for the pre-approval process at Stratton Equities, they go through a series of steps ensuring they receive the financing that best tailors to their investment needs.  After evaluating whether the project fits our lending criteria, we assess their previous experience, credit, and financial background.


All prospective borrowers should be prepared with their documentation of both their project needs and location, acquisition price, and proof of funds.


Our application and pre-approval process can easily be determined after a quick conversation with a leading Stratton Equities’ Loan Officer.

2. Processing & Underwriting

When a prospective borrower’s application goes through the underwriting and loan process, it reviews the borrower’s documentation and an overview of the loan scenario.


Once the application has met our underwriting criteria we will schedule an appraiser to inspect the property.


As we proceed, we will ask for additional documentation that relates to the borrower’s experience, cash availability, and credit. Due to utilizing a hard money loan, there is no need to show income documentation.

At Stratton Equities, our loans can fund both individuals and entities, therefore we request our applicants to have the required formation documents and EIN for the entity.

3. Funding

After all the prospective borrower’s applications and documents have been approved, we move on to the closing and funding process. 


During this process we require all of our borrowers to complete and sign the following documents; a mortgage, security agreement, personal guarantee, investment affidavit, and assignment of rents and leases.


Once everything is completed to the satisfaction of the underwriter and closing agent, the allocation of funds will be disbursed to the seller of the property or directly to the borrower.

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