Why Prodigy Commercial Lending Is The Best Lending Company
Prodigy Commercial Lending is an equity-based lender working with real estate agents, brokers, and borrowers across the United States and which lend money to both commercial and residential investment loans.
They like helping clients turned down by the banks by making loans for those with a lot of equity because they have the ability to decide over more complex loans regardless of how puzzling they may seem. This is from their capacity to make decisions on loans as a direct lender. People should understand that anybody can do easy loans.
They apply the change in their rates, depending on the particular type of property ranging from apartments, retail land, warehouses, special purpose, residential, commercial to the office building, considering factors such as risk assessment, the term of the loan, and the financial condition of the person applying for the loan to ensure that they do not lend money that will never be refunded. People who lend hard may give six to eighteen months loan although longer loans that can be funded within seven for ten days after evaluation, and later reviewed, are the much preferred.
Prodigy Commercial Lending base their loans on the property equity and review the income despite the fact that it not being a serious factor. The organization is based on assets and wants every person to know they also can do the same. The possibility of them working closely with the clients is regarded by the customer’s payments. Prodigy Commercial Lending like loans above $80000 and as high as referral amount alone to their brokers, and real estate agents.
Prodigy Commercial Lending has invested in both commercial and residential real estate for over forty years in the state. It is an organization thus with great experience in financing real estate and because of that, they are confident that the loans they offer can help a person to progress or cash out.
Equity Financing May Be The Answer
Prodigy Commercial Lending has equity financing or hard money loans to help many borrowers who experience problems in getting financial approval in today’s market. They base their loans upon the fairness within your home or property in the consideration of the credit value of the borrowers. This does not have any effect on the debt or income ration of the borrowers. They are loans with ease of approval and procurement and are given in about ten days after they are approved.
It happens that either by chance a person has been turned down by a bank. This is where hard money becomes helpful in solving immediate problems. Prodigy Commercial Lending also gives out short term loans payable one to three years after lending. This short term loans use real estate equity as the collateral for both commercial, or residential investments. The interest rates and the lender’s fees will all be able dependent on the risk evaluation for each individual loan. For fast cash out, contact Prodigy Commercial Lending today.We service the following zip codes and surrounding areas: