Everything You Need to Know about Prodigy Commercial Lending
Are you a resident in the states? Do you need a loan for commercial or residential investment? Have you been turned down by “conventional” lenders? Worry no more! Prodigy Commercial Lending could be your solution. We are an equity-based company that is located in the states. We are not limited to a specific state. We work with real estate agents, brokers, and borrowers from every nook and cranny in the United States. We lend hard money for both commercial and residential investment loans. Borrowing from our institutes guarantees you more than just a few advantages with minimum requirements.
Prodigy Commercial Lending Requirements and other Terms
Our terms and conditions are not only a few but also very easy to meet. To qualify for a loan with Prodigy Commercial Lending the following factors will be considered: Term of the loan (how long you would need to repay the loan), risk assessment and the financial condition of the person taking out the loan. These factors coupled with the type of property (apartments, retail, land, warehouse, special purpose, residential, commercial and office building) play a part in determining the rates charged. Unlike other hard money lenders who give six to eighteen-month loans, we prefer to give out longer loans that we are able to fund in a span of 7 to 10 days after the appraisal is received and then reviewed. The loans are based purely on the equity of the property. Your income is also reviewed but it is not such a decisive factor.
Benefits of Prodigy Commercial Lending Loans
Unlike other lenders who will need an unlimited amount of time to make a decision on your loan request, we are able to make quicker decisions. This is because we are direct lenders and are not bound by the many procedures that other lenders adhere to. Most people can do the easy loans that a good number of lenders offer however we prefer these complicated loans regardless of the difficulties and challenges encountered. We take on clients that have been rejected by other lending institutions. As long as you have a lot of equity we can find a way to give you the loan requested. Prodigy Commercial Lending also maintains a close relationship and works very closely with lenders when it comes to making payments. We offer loans that range from $80,000 all the way to $5,000,000. We treat our brokers extremely well and payout several thousand on a monthly basis for referral fees alone. Our real estate agents are subjected to the same treatment.
Having invested in commercial lending as well as residential real estate for more than 40 years in the states we have mastered this business to the tee. With us, you are guaranteed of quality services. Contact us today and you will not be disappointed.
We service the following zip codes and surrounding areas:View a map of our services areas