Marketing Business Report for Prodigy Commercial Lending Company
Prodigy Commercial Lending Company is an equity-based lender. We lend hard money for both commercial and residential investment loans. We work with real estate agents, brokers, and borrowers across the United States.
Prodigy Commercial Lenders help customers that financing institutions have turned down. A lot of borrowers have problems getting approved for financing in the market today, for this reason, Prodigy Commercial lenders have what is referred to as equity financing or hard money loans. we will review the income yes, however it’s not a serious factor, we are based on assets and we want to know that the client can do this with regard to the customer’s payments as we work closely.
Our market is large; we have invested in both commercial as well as residential real estate for well over 40 years. This made us vary the rates depending on:
- The particular type of property like apartments, retail, land, warehouses, special purpose, residential, commercial, and office buildings
- factors involved include:
- -term of the loan
- -the risk assessment
- -the financial condition of the person who is borrowing the money
Clients who need to work with a budget of 80,000 dollars to 5000000 dollars are all accommodated and catered for. This offers our esteemed customer a loan that will help the client move. Prodigy Commercial Lending company has been investing in both commercial as well as residential real estate in the United States for well over 40 years. With so many years of hands-on experience in financing real estate, we are confident with clients purchase or cash out
In the United States, we make quick decisions that are averagely 7-10 days on loans, unlike other lenders who may require weeks to make a decision. Our loans range from 80,000 dollars to as high as 5000000 dollars. Prodigy commercial lenders offer more than 6-8 months of loans. These are loans based upon the equity that is within the client’s home or property in lieu of the creditworthiness of the borrower. It does not affect the debt to income ratio for the borrower. These loans are quickly approved and easy to procure. The company earns profitability through the loan itself by the interest rates, lenders fees, and other fees charged during the process all these are fully dependent on the risk evaluation for each individual loan.
Hard money loans usually help solve the immediate problem, even if the client has already been turned down elsewhere. Prodigy Commercial lenders help clients to make short term loans that will last 1-3 years. These loans use real estate equity as collateral for both commercial and residential investments. The loan interest rates and lenders fees will depend on risk evaluation for each individual loan.We service the following zip codes and surrounding areas:
View a map of our services areas