Prodigy Commercial Lending For Real Estate Projects
At Prodigy Commercial Lending we give money for investment. The equity for the loan is usually a real property. The money we lend is for both commercial and residential investment. We work with real estate agents, brokers, and borrowers who are spread across the United States.
While other hard money lending companies take weeks to make a decision and process loans, we can make decisions regarding loans quickly. We don’t discriminate on who gets loans; from easy loans to more complicated ones. We love helping customers who have been turned down by banks. We also process loan requests for customers with a lot of equity.
Our rates vary depending on the type of property (apartments, warehouses, residential, commercial buildings among others). The factors to consider include the loan term, the risk assessment, and the financial condition of the one borrowing the loan. While hard money lenders may give six to eighteen-month loans, we do longer loans which takes between 7 and 10 days to fund once an appraisal is received and reviewed.
A review of an applicant’s income is not a serious factor in determining whether one gets a loan or not. Our main focus while lending loans is on the assets one owns. We work closely with them and agree with the payment plans. Our loans mainly range from $80,000 to $5,000,000. We work closely with our brokers and our real estate agents and we pay up monthly for referrals.
PROVEN SUCCESS
Commercial Loans
We have invested in both commercials and residential real estate in the United States for over 40 years. With this hands-on experience in real estate financing, we are confident and can offer you a loan that will help you move out with your purchases or cashouts.
CONSULTANTS
Equity Financing May Be The Answer
Since it is not easy for many borrowers to get approved for loans in the markets today, we offer equity financing also known as hard money loans. The loans are based upon the equity within the home of a borrower not the credit-worthiness of the borrower. The loans are easy to approve and procure. It typically takes about 10 days for the loans to be given after the appraisal.
Hard money loans can help to solve an immediate problem, even if you are turned down elsewhere. At Prodigy Commercial Lending we can help you apply short term loans that will last you from 1 to 3 years before repaying. Our loans use real estate equity as collateral both for commercial and residential investments. The interest rates and lender fees are all dependent on the risk evaluation of the individual loan. Lender fees, interest rates, and other fees are fully dependent on the risk evaluation of each loan. For easy cash-out; call Prodigy Commercial Lending today!
We service the following zip codes and surrounding areas: