We lend based on equities. We lend hard cash to borrowers to be used for commercialization and residential investment loans. The real estate agents, intermediaries like brokers and even and all borrowers in the US are the people we work with.
As direct lenders of money, we are able to make decisions that are fast, unlike others who may take weeks. Regardless of how difficult making a decision might be, we prefer making a decision on loans which are complicated since most people can do easy loans. If you have so much equity, we can negotiate to find a suitable loan for you. It’s our nature to assist clients who have been denied access to loans by banks.
The type of property will determine our rates and the properties may include apartments, office structures, retail, commercial building, land, residential building, warehouse, and special purpose building. Other factors include the loan term, the financial state of the borrower and also the risk assessment. Hard money lenders usually issue loan months ranging from 6-18 and we prefer doing longer loans that we can be able to finance in 7-10 days after the judgment is received and reviewed.
We usually base our loans on the level of equity on a particular property. We will also assess the monthly income but it’s not that necessary on most occasions. We deal with assets and we want you to know you can succeed in this. We work with you regarding all your payments closely. We love operating with loans ranging from $80,000 up to as much as $5,000,000. We have a lot of appreciation for our brokers and usually pay them some thousand every month for fees of referral to our brokers and even agents who deal with real estate.
Over the years we have been making investments on residential and commercial real estate at the Prodigy Commercial Lending for over 40 years in the state. With a lot of experience gained over the years were very sure to support you with a loan that will help you to continue with your purchases and even cashouts that you have planned.
Equity Financing May Be the Answer
Many clients go through a lot of problems getting financial approval in the market these days. And this is why we have what is known as equity financing loans. This equity is decided upon the equity that is in your property in lieu of the worthiness of the credit of the borrower which does not affect your debt to the income ratio. These loans are easily accessible and quick to be approved and funded and only take 10 days to be given after the judgment.
Equity financing solves problems that are immediate, even if you’ve been turned down in other places. We can help you develop short loans that can go for 1-3 years. This kind of loan uses equity for real estate as security for commercial and residential investments. The interest and lender charges will depend on the examination of loans which are individual. Call us today at Prodigy Commercial Lending.
Call us at Prodigy Commercial Lending today for fast cash out!We service the following zip codes and surrounding areas:
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