IMPORTANT FACTS TO KNOW ABOUT PRODIGY COMMERCIAL LENDING
Prodigy Commercial Lenders, is not your ordinary direct money lenders, for we are equity-based lenders. We don’t look down upon customers, our doors are open also to those who have been previously turned down by banks; and we also offer loans for both commercial and residential investors. Our diverse connections have helped us deal with real estate agents, brokers, and borrowers from the United States.
WHY DO YOUR DEALINGS WITH US?
Prodigy Commercial Lending rates are customer-friendly, for our rates vary depending on the type of property; examples of such hereditament are; apartments, warehouse, retail, commercial purposes, special purpose, office buildings, and residential. Other factors also put into consideration is the terms of the loan, risk assessment, and the financial condition of the borrower.
We are at a greater advantage as money lenders, for the fact that our dealings are direct, decision-making process on the issuing of loans is quick; unlike your ordinary money lenders who might take longer.
NOTE: Our loans are basically based on the equity of the property and our loans range from 80,000$ -5,000,000$
As much as we review the debtor’s income, it is not a primary consideration.
Prodigy Commercial Lending likes to encourage its’ customers and let them know that they can do this because we like working closely with our customers.
PRODIGY SUCCESS STORY
Prodigy Commercial Lending has been in money lending business; investing in both commercials as well as residential real estate for over forty years. We have been able to gain hands-on experience in financing and real estate, over the years. This makes us certain that our loans can meet your needs, whether you are at a fix or you’re looking to move forward with your purchase or Cash out.
SECRET BEHIND PRODIGY COMMERCIAL LENDING SUCCESS STORY
The answer is equity financing. Lots of trade receivables have issues when it comes to financing for the current market. Prodigy Commercial Lending identified this problem and we opted for hard money loans or equity financing, which does affect the debt to income ratio of the borrower. Loans are issued based on equity which is determined within the owners’ home or property, instead of creditworthiness.
Loans at Prodigy Commercial Lending are quickly approving and they very easy to procure. Funding is quick, basically ten days after appraisal.
Short term loans which last for from one to three years are available. Even to those who have been rejected by other money lending agencies. Our loans use real estate equity as security, for both commercial or residential investments. Interest rates and lender fees are dependent on risk evaluation of each individual and their loan.
In need of fast cash? Give us a call; at Prodigy Lending Commercials, there is something for everyone.
We service the following zip codes and surrounding areas:View a map of our services areas