Prodigy Commercial is an equity-based lender whereby we lend hard money for residential and commercial investments. Usually, we work hand in hand with brokers, real estate agents, and borrowers in the entire United States of America.
Being direct lenders, we are able to make very fast decisions unlike in other firms and banks which have to spend weeks before coming up with a final decision. The best thing is that almost every person can do such kind of loans. In Prodigy, we prefer dealing with complicated loans not minding the level of complexity. In case you have high equity value, we can work together and come up with a reliable way to make your loan. In fact, we love helping clients who have been turned down by banks and other financial institutions.
Depending on your property type, you get a rate. Some other factors which are considered include; loan terms, risk assessment as well as financial conditions. With hard money loans, you can get one that lasts for about 6 to 18 months but we prefer giving you a longer loan which we can actually fund in about 7 to 10 days after going through your appraisal.
Also, we give our loans depending on your property equity amount. In addition, we make sure that we go through your income though it is not a very serious issue of factor. Prodigy Commercial lenders will work closely with you based on your payments. Normally, we really like loans that range from about $80,000 to as much as $5,000,000. Our brokers do as good and we make some payments to them monthly as referral fees. In addition, we do the same as our real estate agents.
OUR SUCCESS IS PROVEN
In our firm, we have been investing in both commercial and residential real estate for the last 40 years. Due to such long time experience in financing real estate, we believe that we provide you with only the best helping you make long strides forward with your cash out or purchase.
Most borrowers are currently facing difficulties when getting approved in the financing sector today. Due to this, we embraced equity financing or hard money loans. In fact, such kind of loans is provided based on the equity of your property as well as your creditworthiness. You are recommended to keep in mind that your debt to income ratio is never affected.
The best thing about such loans is that they are quickly approved and have a very easy procedure to get. Also, they are funded quickly since it only takes about ten days after reviewing your appraisal.We service the following zip codes and surrounding areas:
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