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How to Get a Soft Money Loan with a Private Lender

Updated: Jun 3, 2022

Stratton Equities has created a simple and easy process to receive a Soft Money Loan for your Real Estate Investment needs. We have an array of Soft Money, Hard Money, and NON-QM loan programs that are designed for any type of Real Estate Investor to meet all your mortgage needs. It doesn't matter what your loan scenario entails our quick and efficient approval process ensures that you get approved in a timely fashion with a dedicated Loan Officer working with your investment property.

The 3 Steps to get a Soft Money Loan:

Step 1: Find a Reliable Nationwide Private Money Lender that Specializes in Soft Money Loans

When looking for a soft money loan for your real estate investment property, it's important to find a reputable nationwide private money lender that specializes in soft money loans. Due to the exclusivity of this type of loan program, many lenders do not offer a soft money loan program.

If you are looking for a soft money lender because you have been rejected by a bank, then you might rush to the first soft money lender you can find to get your loan quickly.

Stratton Equities, the leading nationwide direct private money and NON-QM lender, we are one of the only lenders offering the soft money loan program.

Step 2: Apply for a Soft Money Loan

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

  • Property Type (ex. 1-4 Family, Commercial, Multi-Family, Mixed Use, etc)

  • Loan Purpose

  • Purchase Price

  • Target Closing Date

A soft money 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 conventional loan.

This type of loan program requires more underwriting than a hard money loan, allowing it to have lower rates and greater security. It is based on both the borrower’s credit score and the property’s LTV, and is usually a term loan rather than a bridge loan.

Step 3: Receive the Soft Money Loan

Soft Money is an innovative new approach to money lending for real estate investors which combines the benefits of both soft money loans and more traditional loans.

A soft money loan requires more underwriting than a hard money loan, but far less than a traditional loan, allowing it to have lower rates and greater security on a quicker timeframe. It is a term loan and can help a borrower build or repair their credit!

The combination of lower rates, credit building, and a longer time frame makes the soft money loan a great fit for someone looking to purchase an investment property or get into real estate investment.

Contact Stratton Equities, the leading soft money lender, to speak with one of our talented and experienced loan officers at 800-962-6613, email us, or apply for loan pre-qualification today!

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