Gaining an Understanding about Prodigy Commercial Lending and their Services
Prodigy Commercial Lending is an equity-based lender that operates in the states. We lend hard money for both commercial and residential investments. Our services can be accessed by millions of residents that live across the United States. We work with real estate agents, brokers, and borrowers from all over the states. Our company has been offering its services for over 40 years and have acquired the necessary exemplary and unmatched skills. We have hands-on experiences that make us capable of financing your real estate. We are confident that we can help our borrowers access loans that will help them make purchases or cash out.
Why Borrowing with Prodigy Commercial Lending is Advantageous
A lot of borrowers are having difficulties getting their financing approved in the tough and competitive market of today. This exactly why we offer equity financing or hard money loans here at Prodigy Commercial Lending. These loans only check the creditworthiness of the borrower along with the equity. Equity can be defined as the difference between the market value of your property and what one owes its borrower. The loans do not affect the debt to income ratio of the borrower at all. Unlike most loans, this one is approved faster and are also easier to procure. In addition, the loans are easily funded and generally take about 10 days for them to be handed out after their appraisal. Hard loans also help individuals a great deal to solve immediate and sensitive problems especially if you had previously been turned down. We are able to assist clients to get short term loans varying from one to three years. The best part is that the only collateral needed is the equity of commercial or residential investment.
The terms and Requirements at Prodigal Commercial Lending
Our terms are generally easy to meet and compared to other institutions such as banks they are definitely fewer. The factors that most influence whether or not one’s loan request will be approved are term of the loan, the risk assessment and the person borrowing the money. While we might review your income this is not a key factor. We offer loans purely on assets and we want to assure you that you can also be granted a loan. The rates charged on loans depends on the type of property one owns. It could be apartments, retail, land, warehouses, special purpose, and residential, commercial or even office buildings. One can get loans starting from as low as $80,000 up to $5,000,000. We prefer giving longer loans that we are able to fund within seven to ten days after their appraisal is received and then reviewed.
Prodigal Commercial loans offer you higher loans with few needed requirements and on excellent terms. Contact us for any inquiries or clarifications today!
Dial our contacts if you need a hard money loan or fast cash out.
We service the following zip codes and surrounding areas:View a map of our services areas