Prodigy Commercial Lending works with borrowers, estate agents and brokers across the United State. Loans for both the commercial and residential investments are available since we lend hard money for both investments Additionally, we are the equity-based lender.
Unlike other lending institutions, we are quick in decision making about the loans since we are direct lenders. Easy loans can be done by anyone and this is the reason why we prefer taking steps on complicated loans no matter how complicated they are. Customers that have been turned down by banks can always look up to us. The importance of the loans we offer they rely on the equity you have, if you have a lot of equity, we can find a way to make the loan.
Our rates are never fixed they are dependent on the particular type of property you have (warehouses, land, retail, residential, special purpose, office, apartments, and commercial buildings). The risk assessment and the financial state of the loaner are the factors that are included in the loan term. We prefer long term loans that can be funded in less than 10 days after the appraisal is received and reviewed however hard loan lenders may give six to eighteen-month loans.
We like loans that are in the range from $80000 to as high as $5000000, this is because our loans are based on the equity of the property, however, we also review the income as much as its not a serious factor. Above all, we work closely with our clients on a matter related to the client’s payment. This is possible and you can do it since we are based on assets. We pay our real estate agents and brokers several thousand on a monthly basis for referrals.
Prodigy Commercial Lending has been in the market for more than 40 years investing in both commercial as well as residential real estate in the state. All these years have improved the experience in financing the real estate, we have an assurance from experiences that we can offer you a loan which will push you ahead with your cash out or purchase
Equity financing is the answer
In the current market approval of loans is a serious problem, and due to this, we have hard money loans or equity financing. These loans are based upon the equity that is within your property and the borrower’s creditworthiness. This has no impact on the debt to income ratio of the loaner. The loans are usually quickly approved, easily procured and quickly funded after the assessment.
Equity financing may aid in giving immediate solutions to emerging issues, it doesn’t depend on whether you have been disapproved and turned down by other organizations. The interest rates, lenders’ fees, and other fees are fully dependent on the risk evaluation of each individual loan. We can help you have short term loans that last from one to three years. The loans use real estate equity as the security for both investments that is the residential and commercial investment. Don’t waste your chance call us today and get your fast cash out.We service the following zip codes and surrounding areas:
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