Prodigy Commercial Lending is a firm that allows borrowing of money without using traditional mortgage lenders. This company mostly works with real estate agents and brokers. Decisions are made very quickly, due to the fact that it operates as a direct agency, unlike other lending companies which may take a long time to make decisions.
Unlike banks, the Prodigal Commercial Lending offers loans to anyone regardless of how complex their situation might be. Rates set depend on the type of property listed as collateral. The state of the person borrowing and their level of income is also put into consideration.
When an application is submitted this agency takes a very short time to release the loans. They prefer the ones that can be released within a period of 7 to 10 days. Money given is based on the equity of the property. Payments are done in a very customer friendly manner, in that a borrower pays according to their ability.
Proven Success
Prodigy Commercial Lending has been in this industry for over 40 years. Investing in both commercial as well as residential investment loans, this gives it a competitive advantage over other agencies. Due to many years of experience, this company knows how best to deal with customers and how well to meet everyone’s specific needs. This firm has also grown over time and has adjusted well to new market trends, therefore it is at per with current terms in this industry.
Equity Financing May Be the Answer
For a long time, people in need of loans have had a hard time getting them approved. This is what prompted the establishment of equity financing or hard money borrowing. They are given as an estimate of the value of a person’s home or a property decided upon. This, however, does not affect the debt to income ratio at all.
Acquiring these loans is surprisingly easy. The paperwork takes a very short time as opposed to banks. In about 10 days the money will have been given to the borrower as opposed to the traditional methods where they would take ages before appraisal after numerous tiresome procedures.
Hard money can be used as a means of solving immediate problems. The Prodigal Commercial Lending helps people acquire short term loans, which last between one to three years. This agency also funds start-up businesses. The interest rates and lenders fee sorely depends on the risk evaluation of each individual loan. The terms of a previous borrowing cannot affect future ones.
In conclusion, if you are tired of being turned down by banks countless times, and are in need of quick money, the Prodigy Commerce Lending is the place to be. With this agency, you are assured of good terms, and there is no risk of not being given a loan.
For best and fast cash, you are recommended to call us today!!!
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