What Prodigy Commercial Lending Do
We are basically a direct lending firm offering equity-based money. This goes for both commercial and residential investment loans. Our strategic partners across the United States are mainly real estate agents, brokers, and borrowers.
Prodigy Commercial Lending offers quick loan decisions, unlike other money lenders. Our decisions are primarily centered on more complicated loans. Nonetheless, anyone can do cheap loans. Also, we do not turn down clients with a lot of equity. We always find a way to make a loan for them.
Different properties mean different rates. These can be apartments, retails, land, warehouses, residential, commercial, office buildings, and any other special purpose. Other factors may include the term of the loan, the risk assessment, and the financial condition of the person borrowing. We normally prefer to give longer loans as we are able to fund them within 7 to 10 days. This is after the appraisal has been received and reviewed.
All Prodigy Commercial Lending loans are based on the value of the property. However, we do review the income. This is not always the case. We would like to encourage you to work closely with us. Our work is based on assets only. We prefer loans ranging from $ 80,000 to even $ 5,000,000. We cherish all our partners. We will pay out several thousand to our brokers on a monthly basis for referral fees alone as well as our real estate agents.
PROVEN SUCCESS AT PRODIGY COMMERCIAL LENDING
Prodigy Commercial Lending has been investing both in commercials and residential real estate for over 40 years. This is across the United States. We are confident in our offers that can help you move forward with your purchases.
Equity-Based Financing Options
Prodigy Commercial Lending may be your answer. Many borrowers have issues in getting approval for financing in the market today. This is the backbone of equity financing or commonly referred to us hard money loans. These are loans based upon the value that is within your home or property in terms of the creditworthiness of the borrower. This does not affect the debt to income ratio for you as the borrower as the loans are fast approved and easy to deliver. The loans are quickly funded and on a normal day, it takes around 10 days for them to be given after appraisal has been done.
Equity financing or hard money loans are very ideal in solving immediate difficulties. For us as Prodigy Commercial Lending, we can help you make short term loans that will last up to three years. Collateral loans used for these loans are usually real estate equity. This is both commercial and residential properties. Interest rates and lender fees all depend on risk evaluation. Other factors are dependent on risk evaluation for each individual loan.
Reach us at Prodigy Commercial Lending today. Don’t hesitate!We service the following zip codes and surrounding areas:
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