We are a lending institution that is based on equity. Our key role is lending hard money to commercial and residential investments. We work hand in hand with borrowers, real estate agents as well as brokers across the United State.
Unlike many lending institutions, we are quick when it comes to making decisions since we are direct lenders. If you have a high level of equity, we look for ways to make loans for you since we love assisting customers including those that have been turned down by other financial institutions.
Our rates depend on various factors such as the type of property, the term of the loan, risk assessment and financial condition of the borrower. The types of properties involved include; apartments, land, retail, warehouses, residential, special purpose or office building. Like other money lenders, we offer loans ranging from six to eighteen months but we prefer loans with a longer period of repayment. We process our loans within 7 to 10 days after the appraisal has been received.
Our loans are based on the equity of the property. We are also committed to walking with you closely when it comes to making your payments. We prefer giving loans that range from $80,000 to $ 5000,000. We highly value our brokers and our agents and we give them good remunerations.
At Prodigy Commercial Lending, we have been financing commercials and residential real estate for over 40 years. This has helped us acquire much experience which gives us confidence that we will effectively assist you to make progress in your cash out or purchase.
Equity financing may be the answer
Many borrowers in the market today are facing a lot of challenges while trying to get approval for financing. It is for this reason that we have come up with equity financing or hard money loans. These are loans based on the equity within your home instead of relying on the creditworthiness of the borrower. One of the advantages of this kind of borrowing is that it does not affect debt to income ratio of the borrower. It is also easy and quick to procure and approve loans.
Hard money loans are of great help even in an instance where you have been turned down elsewhere. We can assist you in making short term loans that will last from one to three years. These loans use real estate equity as security and this applies to both residential investment and commercial investments.
Interest rates and lenders fees are usually dependent on risk evaluation on each loan given. Are you are looking for fast cash out? Worry no more. Just give us a call at Prodigy Commercial Lending for our goal is to meet your financial needs
If you need cash out make a point of contacting us.We service the following zip codes and surrounding areas:
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