Prodigy Commercial Lending For Fast Approval Of Your Loan
Prodigy Commercial Lending company is an equity-based lender. Our main aim is to lend hard money to not only commercial but also residential investment loans. We work had in hand-in-hand with real estate agents, brokers, and borrowers all over the United States.
Unlike other direct lenders who take longer making decisions, we respond quite fast. Anyone can do these easy loans but we prefer to specialize in more complicated loans regardless of how complicated the loan is. We offer our services to our customers the best way possible.
Our rates, at Prodigy Commercial Lending, offered to vary depending on the property offered like apartments, retail, lands, warehouses, special purpose, residential, commercial, and office buildings. Some of the factors that are considered include the term of the loan, the risk assessment, and the financial condition of the person who is borrowing the money. The hard money lenders offer a six to eighteen-month loan but we prefer to do a longer-period loan that funds within 7 to 10 days after the appraisal is received and then reviewed.
We base our loans on the equity of the property. First, we review the income if it is not a serious factor. Our company is based on assets and want you to know that you can do this. We will work closely with you regarding your payments. We prefer loans that range from $80,000 to as high as $5,000,000. We value our brokers and will pay out several thousand monthly for referral fees alone to our brokers and our real estate agents.
Proven Success
Commercial Loans
We have been investing in both commercial and residential real estate in the state for more than 40 years now. We have years of experience in financing real estate that makes us confident that we can offer loans that will help you to move forward with your purchase or cash out.
Consultants
Equity Financing May Be the Answer
Currently, a lot of borrowers have problems getting approval for financing. For this reason, we have equity financing or also called hard money loans. These are loans that are based upon the equity that is within your home or property in place of the credit-worthiness of the borrower. It doesn’t affect the debt to income ratio for the borrower. These loans are quickly approved and easy to procure. They are quickly funded and it typically only takes about 10 days for them to be given after appraisal.
Hard money loans may help to solve the immediate problem, even if you’ve already been turned down elsewhere. We can help you to make short term loans that will last from one to three years. These loans use loans are estate equity as the collateral for both commercial or residential investments. The interest rates and lenders fees will all be dependent on the risk evaluation for each loan. Lender fees, interest rates, and other fees will be fully dependent on risk evaluation for each loan. If you need fast cash out, contact Prodigy Commercial Lending today!
We service the following zip codes and surrounding areas:View a map of our services areas