Why You Should Consider Prodigy Commercial Lending
At Prodigy Commercial Lending, we deal in equity lending. We lend hard money to both commercial and residential investors. Our clients range from real estate agents to brokers and borrowers across the United States.
Being direct lenders we are able to make apt decisions on loans which may not be the case for other lenders as they require more time. Considering that anyone can do these loans we refer to make the decisions on more complicated loans regardless of their complications. We will find a way to make you a loan if you have a lot of equity for we love to serve the customers turned down by banks.
Our rates will vary depending on the type of property used for guarantee. The factors to qualify eligibility will include; risk assessment, the financial condition of the borrower, and the term of the loan. While hard money lenders may give six to eighteen- month loans we prefer to give longer loans. Our loans can be funded within 7 to 10 days after we receive and review the appraisal.
We base our loans on equity, thus even though we review the income it is not a serious factor. We want to reassure you that you can do this. We are based on assets and promise to work closely with you regarding payments. We like loans within the range of $ 80, 000 to $ 5,000, 000. We love our brokers whom we pay out several thousand on a monthly basis for referral fees only as well as our real estate agents.
PROOF OF OUR SUCCESS
Our venture is indeed a success. For the last 40 years at Prodigy Commercial Lending, we have been lending to both commercial and residential real estate investors in the United States. Therefore, with so much experience of several years in financing real estate, we are confident that we can offer you a loan best suited for your purchase or cash out.
WHY CHOOSE US
Viability Of Equity Financing
We have noted that a lot of borrowers have problems getting approved in the market today. Thus at we have equity financing or hard money loans. That is, the loans are based upon the equity that is within your home or property instead of your creditworthiness. This means that the debt to income ratio for the borrower is not affected. Such loans are quickly approved and easy to procure taking about 10 days for them to be given after appraisal.
With hard money loans, one can solve an immediate problem despite being turned down elsewhere. We can also assist you to make short-term loans that may last for one to three years. Our loans use real estate as the collateral for either commercial or residential investments. In addition, lender fees, interest rates, and other fees will be fully dependent on the risk evaluation of each individual loan so you have no reason to worry. Therefore, if you need quick hard cash, we invite you to reach out to us at Prodigy Commercial Lending.
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