The King of Private Money Lending, How Michael Mikhail Transformed the Private Money Lending Industry
In the dynamic sphere of private money lending, standing out requires an exceptional blend of innovation, resilience, and work ethic. These qualities are embodied by Michael Mikhail, a figure whose name has become synonymous with exemplary contributions to the industry. His perseverance and strategic acumen have positioned him as a leader in the field, earning him the distinguished title of “King of Private Money Lending.”
A Trailblazer in the Lending Industry
A title as lofty as “King of Private Money Lending” is not accorded lightly. It is a testament to Michael Mikhail and his transformative role in the private lending industry. His unique business model and progressive approach have revolutionized the industry and marked him as a game-changer in the world of finance. His reputation is built on a foundation of consistent innovation, unwavering work ethic, and a commitment to excellence that sets him apart from his contemporaries.
Before establishing himself as a titan of industry, Michael’s journey was one of hardship and perseverance. In 2017, after traveling through 19 countries over five years, he returned to the United States, homeless, penniless, and determined to transform his life. He sought out a role in the mortgage lending industry, where he gained experience and knowledge in 2003.
Michael’s stint as a mortgage loan officer in a private lending institution was a turning point. He grappled with many challenges, including inadequate managerial support, limited program options, no leads, and a toxic work culture. This rampant problem across the industry led to a high turnover rate among loan officers.
The Spark of Innovation
Michael’s experiences catalyzed his resolve to establish a fresh, efficient approach to mortgage lending. In 2018, Stratton Equities was born. His vision was clear: to redefine the operational dynamics of mortgage lending firms, elevate the treatment of loan officers, and foster enduring relationships with real estate investors.
Embodying this vision, Michael’s novel business model pivoted around three pillars, encapsulated in his mantra: “Always Be Closing.”
Firstly, the “Say Yes More” sales methodology encourages loan officers to be more accepting of diverse clients, striving to find solutions tailored to their unique needs. With its vast portfolio of nationwide private money and NON-QM mortgage loan products, Stratton Equities is designed to ensure no client is left unserved.
Stratton Equities’ broad spectrum of loan programs sets it apart from the competition. The firm provides a multitude of opportunities for its team and clients, thereby ensuring an abundance of direct daily organic leads. The effectiveness of this approach is underscored by Mikhail’s assurance that loan officers will close a deal within 6-8 weeks post-training. After their 8-week mark, loan officers will have a consistently full pipeline of steady closings.
Michael Mikhail believes that team strength stems from individual competency. Hence, a comprehensive training program is implemented to ensure each loan officer is well-prepared to assist most borrowers effectively. Stratton Equities’ focus extends beyond immediate success, aiming for the sustained growth of each loan officer.
Indeed, Mikhail’s groundbreaking tactics and determination have reshaped the mortgage lending landscape, setting a precedent for future industry leaders. However, this is just the beginning for Stratton Equities and Mikhail. His vision for a more efficient and compassionate mortgage lending industry continues to inspire and guide the firm’s evolution.
Stratton Equities specializes in niche private money mortgage loan programs and works directly with entrepreneurs, real estate professionals, and Mortgage Brokers. Their target is $1.2 BIL annually in closed loan volume or $100 MIL monthly.
To stay updated on Stratton Equities and Mikhail’s journey, visit their website at Stratton Equities. You can also follow them on various social media platforms: Instagram, Facebook, and YouTube @StrattonEquities, LinkedIn @stratton-equities, and Twitter @Strattonequity. Through these channels, you can witness the ongoing revolution in mortgage lending spearheaded by the “King of Private Money Lending,” Michael Mikhail.