Proven Success Stories At Prodigy Commercial Lending
We carry out hard money lending processes for commercial and/or residential investments on an equity basis. We are associated with real estate agents, brokers, and borrowers within the United States.
Having to deal with our clients directly, we have the mandate to make our own decisions on the funding of loans as opposed to other facilities which require consultations. Non-complicated loans are easily accessible by anyone. However, our major focus is on complicated loans. The more your shares, the easier the facilitation of your loan. We give priority to those who have been refused by the banks.
We do not have standing rates. The rates highly depend on the kind of investment you intend to put forth (either apartment, retail, land, warehouse, special purpose, residential, commercial, and office buildings). Other factors put into consideration are the term of the loan, the risk assessment, and the financial status of the borrower. Unlike hard money lenders who give six to eighteen-month loans, we promote longer loans which we can fund within 7 to 10 days after the appraisal is made and evaluated.
Our loans depend on the value of the property. Nonetheless, income is not a major concern as the same is assessed. Though based on the assets, we want you to believe in yourself. We will work together towards your payments. We encourage loans ranging from $80,000 to as high as $5,000,000. We manage our brokers and real estate agents at a fee on a monthly basis on account of referral fees.
For 40 years and above, we at Prodigy Commercial Lending have been carrying out investments in both commercial and residential real estate in the state. With vast experience at hand, it is guaranteed that we can offer you a loan that will build you upwards.
Equity Financing Is The Way To Go
In today’s market, many of the people are encountering difficulties in securing financial funding. Consequently, we have what is referred to as equity financing or hard money loans. These loans are centered on the value of your standing possessions or property in lieu of the credit-worthiness of the borrower. Because these are more or less secondary to secured loans, they take the shortest time possible to be approved and procured to the borrower. After the appraisal, they take not more than 10 days for them to be released to the borrower.
Hard money loans can be termed as “immediate” problem solvers in an already seeming difficult situation having been turned down elsewhere. We have a short term plan that lasts from one to three years. These loans, however, directly require collateral for approval. The interest rates and lenders fee vary depending on the risk assessment per given loan.
Urgently in need of a loan? Pay us a visit today at Prodigy Commercial Lending.We service the following zip codes and surrounding areas:
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