M id A tlantic Real Estate Journal — Financial Digest — Lenders Directory — November 19 - December 23, 2021 — 13D L enders D irectory
www.marej.com
Michael Mikhail, Stratton Equities Stratton Equities team of highly trained and knowledgeable staff is hands on with every loan
Michael Mikhail CEO & Founder Stratton Equities Headquarters: 28 Bloomfield Ave., Pine Brook, NJ 07058 Years with company/firm: 4 Years Years in field: 20+ years Area of Interest: Nationwide
We have the largest library of direct private &NON-QM loans under one roof, we have the lowest rates and highest LTVs, our team of LOs are extremely knowledgeable and trained through our proprietary training system.
trained through our proprietary training system. Name some of your most unique qualities/reasons why someone should do business with your financial institu - tion? We are nationwide, have the lowest rates & highest LTVS,
our programs are perfect for en- trepreneurs/self-employed/real estate investors, we work with the majority of investment prop- erties as we have the largest li- brary of loan programs under one roof. Our team of highly trained and knowledgeable staff is hands on with every loan. MAREJ
why? W
here do you think y o u r l a r g e s t growth area is and
We have the largest library of direct private & NON-QM loans under one roof, we have
the lowest rates and highest LTVs, our team of LOs are extremely knowledgeable and
Major Metro Areas. What separates you from the competition? Tropp of Eastern Union secures $8,187,500 loan
South Crater Square
PETERSBURG, VA — Eastern Union , one of the country’s largest commercial real estate mortgage brokerag- es, has arranged a $8,187,500 loan for the new owner of South Crater Square and Pinehill Plaza in Petersburg. The single-story retail centers, which total 192,510 rentable squ/ft in size, are situated opposite each other on South Crater Rd. Marc Tropp , a senior man- aging director with Eastern Union, arranged financing for the acquisition, which carried an overall price tag of $10,250,000. The acquisition compo- nent of the loan -- equaling $7,687,500 -- represented a 75-percent loan-to-cost ratio. The bank, a traditional, bal- ance sheet lender, provided an additional $500,000 loan toward tenant improvements and leasing commissions. This element of the loan was held back for future use once the properties have leased addi- tional space. The borrower was Carl Ver- standig , president and CEO of America’s Realty , which is based in Pikesville MD. MAREJ
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