Building Fortunes With Prodigy Commercial Lending
Prodigy Commercial Lending institution is an equity-based lender working with real estate agents, brokers and borrowers across the United States. It offers hard money for residential and commercial investment.
Unlike other Lending firms, which a borrower would be subjected to a rigorous process before getting an approval, Prodigy Commercial Lending is a direct lender. In the financial industry anyone can process easy loans, but at Prodigy they don’t shy away from decisions on more complicated loans. All they need is to ascertain the equity a borrower has.
The rates at Prodigy Commercial Lending vary depending on the type of property. They also consider factors such as loan term, risk assessment and the financial position of the borrower. This Commercial lender is the most sort after because of the little time it takes to process a loan. Hard money lenders are known to take close to eight months to process a loan. This institution typically takes 7 to 10 days after reception and review of the appraisal.
Salary reviews are done on the borrower, although it is not a crucial determinant. The lending institution takes pride in holding your hand throughout your project. Prodigy is an asset-based institution and understands the importance of treating the brokers and real estate agents with care. Payouts are paid to the latter monthly just for referrals. Loans offered range from $80,000 to $5,000,000 and they work closely with you regarding payments.
Prodigy’s Success Factor
The Lending institution has been investing in residential and commercial real estates for over 40 years. The experience it has acquired throughout the years make it undoubtedly the best and most capable in the market.
The institution has inspired confidence in people who want to build fortunes in residential or commercial real estate. People find them approachable not just for fast cash outs but for consultancy services too.
Equity May Be The Answer
It is standard procedure for financial institutions to require pay slips from people who intend to borrow funds. A factor which has seen most of them turned away. At Prodigy, however, we offer equity financing or hard money loans. These loans are based on the equity of the property or home in place of your creditworthiness. An assurance that the debt to income ratio is not affected.
In need of hard money immediately? Worry not, Prodigy Commercial Lending will respond to as fast as you require. It takes only 7 to 10 days for a cash out after approval and review. The real estate property will be used as collateral. Risk assessment of the individual loan will inform the lender fees and the interest rates to be charged.
For cash-out assistance, contact us at Prodigy Commercial Lending today!We service the following zip codes and surrounding areas:
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