Know More About Us
Prodigy Commercial Lending is an equity-based lender, that deals with lending hard money to both commercial and residential investments. We work closely with real estate agents, brokers, and borrowers from all over The United States.
We are direct lenders and this has made it easier for us in terms of decision making as far as money lending is concerned. This is contrary to what happens with other lenders who take up to three weeks to make a decision on whether or not to give you a loan. Some loans are emergency and they require quick attention. We prefer dealing with more complicated loan issues despite how complicated a case might be because any person can handle these easy loans. So, if you feel like you have a lot of equity, we can easily help you get a loan. We always appreciate working with customers whose banks have turned them down.
Our rates usually vary and they are highly determined by the type of property we are dealing with, be it apartments, land, retail businesses, warehouses, special purpose businesses, residential houses, commercial or office buildings. There are also other factors that determine the rates. These factors may include the terms of loan, the risk assessment report, and the financial status of the borrower.
And whereas other hard money lenders give a short period of time to pay back your loan, at Prodigy Commercial Lending, we prefer giving longer loans and we will give you enough time to pay back your loan smoothly. This happens despite taking the shortest time possible to process your loan immediately from the time your appraisal is received and reviewed. Ordinarily, we will take between 7 to 10 days to process and complete your payment.
Our loans are based on the equity of the property, we also review your income, however, this is not the major determining factor, so your income could below but still, you would qualify for a bigger loan. We are also based on assets and we might just be interested to know whether you can do this. Once you receive your money, our team will work closely with you in regards to paying back your loan. We value our customers and we would not like to lose any for failing to pay back their loans. We will walk with you and also provide a proper guide and educate you on how to successfully pay back your loan.
You may be worried about how much money you can borrow from us, relax, we offer between $80,000 to a maximum of $500,000. And if you would work for us as a broker, we also got you covered, we pay out some thousands every month to our brokers and the real estate agents.
You can give a call at Prodigy Commercial Lending for fast cash out.
We service the following zip codes and surrounding areas:View a map of our services areas