We are a developed equity-based lender. We are engaged in lending out hard cash loans for investments that are commercial and residential. We also deal with all clients across the US, real estate operatives and brokers.
Prodigy Commercial Lending is direct lenders hence we decide quickly on matters regarding loans, unlike other lenders who may take a longer time. Since every person can do easy loans, we choose to make decisions on delicate loans. If you are in possession of a large number of equity we can compose a way to make the loan. We like supporting borrowers that have denied loans by banks.
Prodigy Commercial Lending charges will change from time to time depending on the property’s type (apartments, commercial, warehouse, special purpose, land, residential, retail and office structure). Other factors will compose of the loan timeline, borrower’s financial state, and risk evaluation. Hard money lenders usually issue out month loans ranging from 6-18 and that’s why we prefer working with longer loans that we can provide funding in 7-10 days after the reviewing of the appraisal on receiving it.
We base our loans mainly on the property’s equity. We will also go about examining the monthly salary though it is not essential. Prodigy Commercial Lending is asset-based and we want to assure you that you can pull through with this. Regarding payments, we will work hand in hand with you. Loans that usually range from $80,000 to $5,000,000 are what we love dealing with. We have so much appreciation to our brokers and we make payments of some thousand to them monthly for costs of referral to them and to our real estate operatives.
At Prodigy Commercial Lending we have been making investments in real estate for residential and commercial purposes for longer than 40 years in the state. Having sharpening our skills and experience in this line of work, we promise to provide you with a loan that will enable you to push through with your cashouts and purchases.
Equity Financing may be the Answer
Prodigy Commercial Lending avail hard cash loans to assist those having problems with being approved in the current market for loans. These loans are made available to you depending on the house equity relative to the customer’s creditworthiness. This has a null effect on your relationship of debt to income. The loans are simple to be procured and get approved. They take a minimum of ten days to be issued to the client after the appraisal has been received and reviewed.
Equity financing loans assist in curbing problems that are unplanned that arise due to being denied access to loans by other money lenders. We can assist you to come up with a short term loan that will stay for 1-3 years at most. The collateral for commercial and residential loan investment is simply real estate equities. The individual assessment of the loan will determine the interest rate, lender fee, and other expenses. For your cash out needs simply contact us at Prodigy Commercial Lending!
Call us at Prodigy Commercial Lending today for fast cash out!We service the following zip codes and surrounding areas:
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