We are reasonable lenders based on equity. We deal with lending money for investment commercial purposes and also residential. We work in cooperation with the brokers, real estate agents, and borrowers around the US.
Unlike other lenders who take weeks to make decisions, we are able to make decisions that are quick since we lend directly. We prefer making decisions on loans that are more delicate regardless of how complicated they are since anybody can do easy loans. If you have equities which are more, we can make a loan for you. We love supporting clients who have been turned down by the banks.
The type of property (apartments, land, retail, and special-purpose building, warehouse, and office, residential and also commercial buildings) will determine our rates. The other factors will also include the risk assessment, term of the loan and financial situation of the person applying for the loan. On the other hand, hard money lenders may offer six to eighteen-month loans and we prefer to work with longer loans of seven to ten days after appraisal being received and reviewed that we can fund.
We base the loan we offer on equity property. We also review the income of the borrower however it’s not that serious. We are mainly based on assets and we want you to know you can go through this. Well, work in cooperation with you regarding payments which are yours. We like loans ranging from eighty thousand dollars to five million dollars. We appreciate our brokers and on a monthly basis make payments of several thousand for referral fees only to our brokers and also the real estate agents.
At our commercial prodigy lending, we have been investing in commercial and even residential real estate for over 40 years in the state. With a lot of years on hands-on experience in funding the reals estates we are much confident to provide a lot of loans for you that will enable you to go forward with purchasing and cashing out.
Many borrowers find it difficult to get accepted for financing in today’s market. For this purpose, we have what is called financing equity or hard money loans. These loans are made available based on the equity that is around your house or property in relation to the creditworthiness of the potential borrower. These loans are quickly approved and easy to obtain. They are funded and quick and only takes ten days to be received after appraisal.
Hard money loan is a solution to problems which are instant even if you have been rejected somewhere else. We can help you to make loans that are short term and last for 1-3 years. These loans can be able to use equities for collateral purposes for investments that are residential and even commercial. Individual risk evaluation will determine the lender fees and also interest charges. If you are in need of fast cash out simply contact us today at Prodigy Commercial Lending.We service the following zip codes and surrounding areas:
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