Why You Should Consider Prodigy Commercial Lending
We are a value-based money lender. We loan hard money for both business and private developers. We collaborate with real estate agents, dealers, as well as borrowers across the United States.
Since we are direct lenders, our processes are faster and efficient compared to other lenders. This results from our customer-friendly policies that allow for hasty decision making. Any qualified organization or individual can borrow from us. We can make decisions even on the complicated loans; this gives us an upper hand in handling clients with high equity. For individuals that have been turned down by banks, the Prodigy Commercial Lending is the better option.
Our rates vary depending on your property; this includes apartments, retail, land, warehouses, particular purpose, residential, commercial, and office buildings. Variables will likewise incorporate the term of the credit, the hazard appraisal, and the budgetary state of the individual who is obtaining the cash. We like to do longer loans that we can subsidize inside 7 to 10 days after analysis and assessment. On the contrary, a hard money lender may offer a six to eighteen months loan.
Our loans are grounded on the equity of the property. In as much as we review the income, this should not worry about our customers. Prodigy Commercial Lending is based on assets; it is our pride when our clients understand we can do this. One of our focuses is on ensuring that we are firmly connected through the journey notwithstanding, your payments. We like loans that range from $80,000 to as high as $5,000,000. Our brokers and real estate agents do an incredible job, and for every referral, we compensate awesomely.
For over 40 years, Prodigy Commercial Lending has been investing not only in residential real estate but also in commercials. Given our long service in the industry, our time-proven experience puts us in a better place to value your money. The experience we have in financing real estate is reliable for our clients’ purchase and cash-out from the loans we offer.
Equity Financing May Be the Answer
We offer equity financing or hard money loans because it is a challenge for most borrowers to approve funding in the current market. These advances depend on the value inside your home or property in place of the borrower’s credit value. It doesn’t influence the debt to salary ratio of the borrower. Besides, the loans are easy to process and to approve. It takes ten days for the credit to be channeled to your account.
Hard money loans are available for those in immediate need but have been turned down by other borrows. Our short term loans last from between one to three years. These loans utilize land value as security for either business or private speculations. The loan fees and interest rate charges will all be reliant on the hazard assessment for every individual credit. Other fees will be based on evaluation for each loan. Give us a call at Prodigy Commercial Lending today for fast cash out.We service the following zip codes and surrounding areas:
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