While lending residential and commercial loans, we consider the borrower’s equity. After approval, we lend our hard cash to brokers, real estate agents, and borrowers from all over our country.
Since we are direct lenders, we make rapid decisions on loans instead of delaying your request for weeks. We also prefer to perform complex loans because almost anyone can perform the easy ones. If you approach us with substantial equity, we will create a method to furnish your loan. At Prodigy Commercial Lending, we enjoy assisting clients that have been turned away by the banks.
The rates that we provide differ depending on the specific type of property which you want to construct. Some examples of these are apartments, land, retail, residential, special purpose, offices and commercial structures. Other elements that we consider include your level of risk, your loan term, and your financial health. We fund our hard cash loans in 7 to 10 days after you’ve been appraised. Our loans also have a term of more than 18 months.
The equity of the property involved normally determines the amount of loan you get. We will also review your income although this is not usually a serious matter. We make loan decisions based on assets held. Throughout your payment period, we will work closely with you. We can provide loans that range from $80,000 to $5,000,000. We also love brokers and agents. For this reason, we pay thousands for referral fees every month.
Within Prodigy Commercial Lending, we’ve delivered residential and commercial loans for four decades. We are confident that we can deliver a loan that will help you to proceed with your buy or cash out.
The Answer is Equity Financing
Many borrowers usually have major problems with attaining approval for loan financing in today’s market. Due to this fact, we provide hard money or equity financing. The equity of your home or property is the foundation for this type of loan. It is combined with your credit-worthiness. The debt-to-income ratio for you is not affected. The loans are easy to get and rapidly approved as well as funded. In only 10 days, they are delivered after appraisal.
If you have been turned down somewhere else, a hard money loan can solve your immediate problem. We can assist you to make loans that are short term which can last for 1 to 3 years. Your equity in real estate is used as the collateral for both the residential and commercial investments. The lender fees and interest rates associated with the loan are dependent on your risk evaluation.
Call us at Prodigy Commercial Lending today for fast cash out!We service the following zip codes and surrounding areas:
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