Prodigy Commercial Lending is an equity-based lender, providing hard money to commercial and residential investors across the United States. We partner with various real estate agents, brokers, and borrowers.
We are direct lenders, and therefore we deliver faster loans than any other lenders who usually take weeks in doing so. Our simplicity has also allowed many to access our loan services. It is our utmost desire to make the best loan decisions irrespective of their complexity. More so, we will always find a way for your loan if you have more equity. We also understand the pain of banks turning us down, so we will always be willing to assist.
Our rates largely depend on several factors. First, we consider the particular type of your property like apartments, retail, land, warehouses, special purpose, residential, commercial, or office buildings. Next, we will consider the loan terms, risk assessments, and your financial position as the borrower. However, unlike other Hard money lenders who give shorter-term loans of six to eighteen-months, Prodigy Commercial Lending prefers to provide long term loans. Also, as we said, we value speed and simplicity; so, after we receive and review your appraisal, we will fund your credit within 7 to 10 days only.
Prodigy Commercial Lending will base loans majorly on the equity of the property. However, we may review income at the least of our factors. Furthermore, we’re grounded mainly to assets, so we assure you that you can do it. Moreover, we will maintain close cooperation with your payments. Typically, our loan ranges from $80,000 to as high as $5,000,000. To the utmost level, we have always loved our brokers and real estate agents. Prodigy Commercial Lending will even payout several thousand to them for referral fees alone.
Our Success on Commercial Loans
For over 40 years, Prodigy Commercial Lending has remained dedicated to investing in both commercials and residential real estate across the state. We have had our share of reputation and hands-on experiences in financing real estate. Therefore, we are assured that we can offer you a loan that will allow you the freedom to respond quickly to investment opportunities.
Equity Financing can Be the Answer
In one way or another, we may have been limited by financers in our market today. However, Prodigy Commercial Lending offers you equity financing, which is mostly referred to as hard money loans. These loans base on the equity of your home or property. This equity is used as an alternative to that bases on the credit rating of borrowers. The loans and equity, however, will not affect your debt-income ratio score. The primary benefit of these loans is their speed and simplicity. Prodigy Commercial Lending will approve your loan quickly and fund them in about ten days only.
Again, no one wants to wait for weeks or months to resolve some of your urgent concerns. Therefore, Hard Money may help at those times, even if everywhere else has turned you down. Prodigy Commercial Lending can help you get short term loans for 1-3 years. For both of your commercial or residential investments, we will use real estate equity as the collateral. The interest rates, lender fees, and other applicable fees for each loan will vary depending on its risk assessments.
If you need easy, quick loans, don’t hesitate to call us today!We service the following zip codes and surrounding areas:
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