Prodigy Commercial Lending Is Able To Help You
We are equity-based money lenders who finance both commercial and residential investment loans. We are in cooperation with real estate agents, brokers and borrowers across the United States.
Unlike other lenders who may take a couple of weeks to make a decision, as direct lenders, we have the ability to make quick decisions on loans. We prefer making decisions on more complicated loans, as simple loans can be done by anyone, depending on the equity you have. We love helping customers that have been turned down by the banks.
Our rate variance is based on the particular type of property (apartments, retail, office buildings, commercial, residential, warehouses, land and special purpose). Other factors that are considered include the term of the loan, the risk assessment and the financial condition of the one borrowing the money. Contrary to hard money lenders who give six to eighteen-month loans, we prefer to give longer loans which we can fund within 7 to 10 days after appraisal and review.
Our loans are based on equity of the property although we will still review the income, which is not a major factor. We are based on assets and we will work closely with you regardless of your payments. We prefer loans that range from $80,000 to $5,000,000 and we pay out our brokers several thousand on a monthly basis as referral fees alone.
At Prodigy Commercial Lending, we have an experience of over 40 years during which we have been investing in both commercial and residential real estate in the States. With such an experience, we can confidently offer you a loan that will aid you in your business endeavors.
The Solution My Lie In Equity Financing
In the market today, many loan borrowers have a hard time getting banks to approve their financing. Due to this, we have come up with what we call equity financing or hard money loans. These are loans that depend on the equity within one’s home or their property in accordance to the credit-worthiness of the loan borrower. Hard money loans get approved quickly and funding takes place approximately 10 days after the appraisal.
Equity financing loans help you solve an immediate problem where you may have been turned down somewhere else. We can also support you in making short term loans lasting from one to three years which use real estate equity as the collateral for both commercial and residential investments. The rates for the interest together with the fee of the lender are dependent on the risk evaluation for each individual loan. Therefore, lender’s fee, rates of interest and all other fees are fully risk evaluation-dependent for each individual loan. Are you in need of fast cash? Give us a call at Prodigy Commercial Lending today! We are always here for you.We service the following zip codes and surrounding areas:
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