Why Prodigy Commercial Lending Is The Best
We are Prodigy Commercial Lending, an equity-based lender. We lend both commercial and residential investment loans hard money across the United States. We also work in liaison with real estate agents, brokers, and borrowers.
We have the advantage of making quick decisions on loans which others take time to make. This is because we are direct lenders. Most hard money lenders give six to eighteen-month loans. At prodigy commercial lending, we prefer to do lengthier loans that you can find within a maximum of 10days after receiving and reviewing the appraisal.
We carefully cater to clients’ banks have turned down. We make decisions on complicated loans no matter how complex they are. That is our competitive advantage as anyone can do easy loans. Rates depend on the type of property, whether it is apartments, retail, land, commercial, office buildings, warehouse, or special purpose. Some of the factors we consider include the risk assessment, term of the loan, and the financial position of the individual borrower.
Our loans are based on the equity of the property. We assure you that it is possible to do this with our help. We prefer loans that range from $80,000 to $5,000,000. We cater to the needs of our brokers and real estate agents. we will, therefore, pay them thousands per month as referral fees alone.
We have many years of experience in financing real estate. We have also been investing in commercial and residential estate across the United States for more than 40years. At Prodigy Commercial Lending, we are more than confident that we can offer you a loan that will assist your purchase or cash out.
Equity Financing May Be The Answer
At Prodigy Commercial Lending, we have hard money loans or what is called equity financing. Quite a number of borrowers have problems getting approved for financing. The loans we offer at Prodigy Commercial Lending are based on equity within your home or property. This, however, depends on the creditworthiness of the individual borrower. We assure you that it will not affect the debt to income ratio for the borrower. The major advantage is that the loans are quick and easy to procure. It only takes 10 days or so to get them after the appraisal.
At Prodigy Commercial Lending, we will help you make short term loans, even if you have been turned down by other institutions. These loans will last from one to three years. The only collateral needed for commercial and residential investments in real estate equity. Both interest rates and lender fees will depend on the risk evaluation of each individual loan. If you need hard money, make a call at Prodigy Commercial Lending!We service the following zip codes and surrounding areas:
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