ALL YOU NEED TO KNOW ABOUT PRODIGY COMMERCIAL LENDING
Who We Are
We are hard money lenders for both commercial and residential investors. Basically we are equity-based lenders. We are directly involved with; real estate agents, brokers, and borrowers across the United States.
We are direct lenders who are able to make quick decisions on loans, unlike others who take weeks so as to make a decision. Anyone can be loan lenders, but we (Prodigy Commercial Lenders) choose to go for the more complicated ones regardless of their complications. Do you have a lot of equity? We have got your back. We are able to find a way for you to acquire the loan. Our doors are also open to customers who have been turned down by banks.
Our lending rates are dependent on the type of property. Whether it is; a home unit, peculiar purpose, flats, entrepôt, commercial, residential, mercantile, and office buildings. Other factors put into consideration are; the financial position of the person being credited the loan, terms of the loan, and risk evaluation.
Other money lenders find it best to give out six to eighteen months’ loan, whereas we prefer to do longer, so as to fund within 7-10 days after the appraisal has been received and reviewed.
As much as our loans are based on the equity of the property, we also consider and review the level of income, though it is not a primary consideration. Prodigy Commercial Lending is based on assets and we like to encourage our customers to know that they can do this; for we will work closely with you concerning the payment.
We prefer giving out loans that range from 80,000$ – 5,000,000$. Prodigy Commercial Lending appreciates the role of our brokers and real estate agents and we pay them several thousand on a monthly basis for referral fees.
PRODIGY COMMERCIAL LOANS ATTESTED SUCCESS STORY
Mercantile Loans
Prodigy Commercial Loans has been investing in both residential and mercantile real estate in the country for over forty years. We have also acquired hands-on experience in fiscal real estate, we are certain that our loans will you assist you to make advancement in life.
The main issue faced by the trade receivables is currently getting the approval for financing in the market, this has therefore resulted in the issuing of hard cash loans or equitable financing. It is based on the borrower’s equity on the home or property which should be in line with their creditworthiness. It does not repercuss the debt-income ratio of the trade receivable. The procuration and approval of the loans are quick. The funding is also quick and typically takes about ten days for the appraisal to be issued.
The hard money given by Prodigy Commercial loans, aim to solve an immediate problem regardless of whether you have been turned down before. Prodigy Commercial Loans, help make short term loans which go for about one to three years. The loans take advantage of the real estate equity for both mercantile and residential investments. If you are in need of fast cash, Prodigy Commercial Loans is only a phone call away.
We service the following zip codes and surrounding areas:View a map of our services areas