Prodigy commercial Lending is an equity-based financier that offers hard loans for commercial and residential investment through a network of real estate agencies, brokers and borrowers all over the US.
Direct lending allows us to make quick loaning decisions as compared to competitors that might take up to a week to make similar choices. Our flexibility accommodates every and that is why we are capable of making decisions on even the most complicated situations provided you have lots of equity. Our delight is in providing a second chance to clients that have been turned down by banks.
Our rates are highly dependent on the particular property on offer – be it an apartment, retail store, land, storerooms, unique holdings, residential, commercial and office blocks, you just name it. This will also be determined by the loan terms, risk analysis, and the borrowers’ financial capacity. Whereas hard money lenders may offer 6-18 months’ loans, we on our part prefer long term loans which by the way are processed within a week to 10 days after reviewing the appraisal.
Prodigy Commercial Lending’s loans are based on the property’s equity. However, that is after reviewing income, which of course is not a key factor. We heavily rely on assets as a form of assurance that it is actually possible, not to mention that we closely engage you concerning your payout. Prodigy Commercial Lending commonly handles loans between the range of $80, 000 up to $5, 000, 000. Our brokers and real estate managers have a special place in our heart and that is why we spend thousands of dollars every month as compensation for referral fees alone.
Track Record in Business Loans
Prodigy Commercial Lending has over 40 years’ wealth of hands-on experience in real estate financing – investing in both residential and commercial holdings. We are therefore certain that our services will provide you the much-needed relief to make the next purchase or cash sale.
Why Consider Equity Financing!
It is no doubt that borrowers stand very minimal chances of financial approval in the market today. It is a result that we provide what is referred to as equity financing or cash loans based on the value of your property in place of the borrowers’ credit-worthiness. The advantage is the customer’s debt to income ratio is not affected and the loan approval and processing time after approval takes a record 10 days’ tops.
You might have been turned down elsewhere, but we at Prodigy Commercial Lending are aware that cash loans may be the only solution to an immediate challenge and can, therefore, assist you process short term lending that lasts between 1-3 years. Such loans can be secured through commercial or residential investments with interest charges and lending fees dependent on an individual’s risk evaluation.
Be sure to give us a call Today at Prodigy Commercial Lending if the need of a fast and reliable equity financing service!We service the following zip codes and surrounding areas:
View a map of our services areas