Equity financing may be the answer to your needs. Awfully, many borrowers have difficulties in getting their loan applications approved. For this reason, Prodigy Commercial Lending has designed hard money loans commonly referred to as equity loans that are generally, loans against the value of your property. Typically, hard money loans are influenced by the value of the property being used as collateral and creditworthiness of the applicant. However, the debt to income ratio of a borrower is not affected by these loans. Prodigy Commercial Lending approves these loans very fast and in a simple manner. Loan installment is disbursed very fast whereby they only take a maximum of ten days to be disbursed after an appraisal has been received.
Hard money loans issued by Prodigy Commercial Lending are perfectly used for solving immediate problems. You may secure a loan with Prodigy Commercial Lending even though you have had your loan application turned down by other lending institutions. Prodigy Commercial Lending has short term loan programs that can be designed to run for one to three years. You are required to use the equity of your property as collateral for both residential and commercial investments. Generally, after risk has been evaluated for a certain client, interest rates and lenders fees will be determined. Risk evaluation is the key factor that is used for determining interest rates, lender fees and other relevant charges that are applicable. Call Prodigy Commercial Lending today for your immediate cash needs.
Prodigy Commercial lending loan decisions are done very fats since we are the direct lender thus we do not have to consult from other parties in regards to your application. We make fast decisions, unlike other lending institutions that may take several weeks to approve a loan application. Many lending institutions prefer writing easy loans but Prodigy Commercial Lending prefers writing complicated loans regardless of your current financial situation. Borrowers who have properties that have a lot of equity, we also find a way of giving them a loan. It is possible to qualify for a loan with Prodigy Commercial Lending even no matter the times your offers have been turned down by banks. In fact, we prefer helping such clients.
Borrowers should be aware of the current market lending rates. There are various aspects that are considered in order to determine the interest rates to be applied for a certain loan. Some of these factors are the current financial condition of the borrower, term of the loan and risk assessment among others. Prodigy Commercial Lending not only offers hard loans but also offers short term loans. Prodigy Commercial Lending may take seven to ten to disburse long term loans after the appraisal has been reviewed. Prodigy Commercial Lending is an ideal solution for your financial needs.
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