About Us
We are equity-based leaders. We extend hard money for both residential and commercial investment loans. We are in conjunction with brokers, real estate agents, and borrowers across the United States.
We’re able to make quick decisions on loans since we are direct loners, the opposite to the other lenders who may require much time for them to come to the decision. Since almost everyone can do the easy loans, we have a high preference in making decisions on the more complex loans no matter how complex they may be. If you have more equity, a way to have the loan is always available. All those that the banks have been disappointed can look unto us.
The type of property you have will determine our rates. The term of the loan will also be determined by the financial condition of the person borrowing the money, and the risk assessment. Hard money lenders, can give six to eighteen-month loans additionally, we prefer to do longer loans that in 7 to 10 days the loans can be funded after the reviewing and receiving of the appraisal.
All our loans are based on the property equity. As much as reviewing the income is not an important factor, we will review it. You have the ability to do this since we are based on assets. There is an assurance of us working with you closely. We also prefer loans within the range of $80000 and $5000000. We usually appreciate our brokers and payout thousands on a monthly basis for the referrals to them and the real estate agents.
Proven success
Commercial loans
At Prodigy Commercial Lending, for over 40 years now we have been investing in both residential real estate and commercial. With that experience, we are more than sure of offering you a loan that will aid you to move ahead with your cash-outs and purchase.
Consultants
Equity financing may be the answer.
The main issue in today’s market is the approval of loans, due to this we have something called hard money loans or equity financing. The loans are based on the value of the property owned within the home or the borrower’s creditworthiness. The income ratio for the borrower on the debt is not affected. The loans are easy to procure and usually have a quick approval. The funding of these loans is quick and approximately takes 10 days to be given after the appraisal.
Immediate problems can be solved by the hard loans, even if you were disappointed elsewhere. Short loans that last between one to three years can also be processed for you. Real estate equity is used in this loan for both residential or commercial investments as collateral. The risk evaluation for each individual will depend on the interest rates and lender fees. Gives us a call today at the Prodigy Commercial Lending for you to get the fast cash out
If you need cash out make a point of contacting us.
We service the following zip codes and surrounding areas:View a map of our services areas