CONSIDER PRODIGY COMMERCIAL LENDING FOR FINANCING SOLUTIONS
We are a lending institution whose key role is lending hard money to commercial and residential investments. Our company is based on equity and we, therefore, work together with borrowers, real estate agents as well as brokers across the United States. We are direct lenders and this puts us in a better position as far as decision making is concerned. We are quick in decision making and unlike many lending institutions, we prefer making decisions on more complicated loans. We love helping people where other money lending institutions have failed and this drives us in looking for ways we can make loans for people that have a lot of equity.
There are many factors that we consider in establishing the rates for our loans. These include the types of property, the loan repayment period, risk assessment as well as the financial condition of the borrower. We offer loans with a repayment period of six to eighteen months but we prefer giving long-term loans. Our loans are processed between seven to ten days after the receipt of the appraisal.
We offer loans that are based on the equity of the property and we walk with you throughout the repayment journey until your loan is fully paid. We give loans that range from $ 80,000 to $ 5000, 000. We work smoothly with our brokers and remunerate them accordingly.
As Prodigy Commercial lending, we have been in operation for over 40 years financing commercials and residential. Being in the market for all these years, we have gained a lot of experience and that is the reason why we do not doubt our ability to assist you in moving forward in your cash out or purchase.
Equity financing may be the answer you are looking for
There is a lot of challenges that many borrowers in the market are coming across while trying to get financial approval. While looking for the solution, Prodigy Commercial Lending has come up with equity financing or hard money loans. These are loans based on the equity that is within your home instead of considering the creditworthiness of the borrower alone. This kind of borrowing is more preferable since it does not affect debt to income ratio of the borrower. It is also easy and quick to procure and approve loans.
Hard money loans can help even in the condition where you have been turned down elsewhere. We do assist in making short term loans that will be repaid between one and three years. Real estate equity is used as collateral and this applies to both commercial and residential investments. Interest rates and lenders fees will depend on risk evaluation for an individual loan. Could you be looking for a quick cash out and have not succeeded elsewhere? Just try Prodigy Commercial Lending.We service the following zip codes and surrounding areas:
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