What You Must Know About Us
In Prodigy, we are an equity-based money lender whereby we lend you funds to invest commercially or build up a resident. In addition, we work hand in hand with brokers, agents, and borrowers all over the United States of America.
Since we are direct loan lenders, we have the ability to make very fast decisions on loans compared to some others who have to take a couple of weeks to make a final decision. In fact, almost every person can do such loans. In case you have a lot of equity, we are here to get the most suitable way to make the loan. Also, we are much pleased when we help clients who have been turned down by banks.
Normally, our loan rates vary based on property type (retail, warehouses, land, commercial, special purpose as well as office buildings). Some other factors which are considered include loan terms, risk assessment as well as your financial condition when borrowing the loan amount. On the other hand, most hard money lenders provide about six to about eighteen months loans but we prefer offering you longer loans which we can fund in about a week or ten days after getting your appraisal and reviewing it.
Also, we base our loans on property equity value. Also, we usually review your income earned though it is not a major factor. One of our main aims is to let you know that you can do this since we are based on assets. In our firm, we like loans between $80,000 and $5,000,000 and we pay our brokers and real estate agents several thousand for a referral.
Proven Success
At our firm, for more than four decades now, we have been investing in commercial and real estate. Due to this long term experience, we are so confident that we can provide you a loan that will help you make forward steps with either cash-out or purchases.
Consultants
For a consultation, Equity Financing may be the best answer.
In the current market, many borrowers have problems getting approved for financing. Because of this, we came up with what is called Equity Financing or Hard money loans. This type of loan is provided based on your property’s equity as well as creditworthiness. Also, this does not affect your debt to income ratio. For this kind of loan, you can easily procure and get approved. In addition, they are funded in a short period of time of about ten days after your appraisal has been approved.
Equity or Hard Money loans can be of great aid when you want an immediate solution despite the fact that you have been turned down in another place or bank. In case you are looking for fast cash, you are recommended to give us a call immediately.
We service the following zip codes and surrounding areas:View a map of our services areas