The Best Commercial Lenders To Assist You Financially
We are a hard money lending company for both commercial and residential real estate investments on an equity basis. We deal with real estate agents, brokers, and borrowers within the United States.
We are prone to dealing with our clients directly and as such are at liberty to make our own judgments on loans issuance, unlike other entities who need weeks for deliberations. Non-complicated loans can be accessed by anyone. However, our input is majorly on complicated loans. When you have more shares, your loan is easily approved. We give prominence to those who have been dismissed by the banks.
Our rates are not fixed. They vary in accordance with the kind of investment you are interested in (either apartment, retail, land, warehouse, special purpose, residential, commercial, and office buildings). We also look at the term of the loan, the risk assessment, and the financial potential of the borrower. Contrary to hard money lenders who give six to eighteen-month loans, we encourage longer loans which we can fund within 7 to 10 days after the appraisal is brought in and computed.
The value of the property will determine your loan. Nevertheless, income is not the main concern since the same can be verified. Even though we are based on the assets, we want you to acknowledge the fact that you are able. We will work jointly towards your payments. We encourage loans ranging from $80,000 to as high as $5,000,000. We sustain our brokers and real estate agents at a fee on a monthly basis in terms of referral fees.
Proven Success
Commercial Loans
For the past 40 years or so, we at Prodigy Commercial Lending have prevailed upon investments in both commercial and residential real estate in the state. With this much knowledge at hand, it is ascertained that we can offer you a loan that will upgrade your being.
Consultants
Equity Financing Is The Only Way Out
Currently, a majority of the people are facing drawbacks in securing financial funding. Accordingly, we have resulted to equity financing or hard money loans. These loans are based on the value of your existing possessions or property in lieu of the credit-worthiness of the borrower. Since it does not interfere with the debt, the takes the shortest time possible to be authorized and provided to the borrower. Actually, it does not take more than 10 days for them to be given to the borrower
Hard money loans come in handy when in a tight spot. Consequently, we have a short term plan that lasts from one to three years. These loans, however, directly require collateral for clearance. The interest rates and lenders fee are independent based on the risk assessment on every loan.
In urgent need of cash? Visit us today at Prodigy Commercial Lending.
We service the following zip codes and surrounding areas:View a map of our services areas