Prodigy Commercial Lending loans hard money to individuals for both commercial and residential investment. We are a value-based lender that works with real estate agents, brokers, and borrowers all around the United States.
As direct lenders, we are able to decide quickly on loans, unlike others who may need plenty of time to make a decision. Though anyone can do these loans, we opt to make the decisions on more technical loans no matter how technical they are. If an individual has a lot of equity, we find a way to make the loan. We gain a lot of satisfaction and pride from helping customers that have been turned down by the banks.
Our rates change depending on the type of property (apartments, retail, land, warehouses, special purpose, residential, commercial, and office buildings). Factors considered before approving the loan include the term of the loan, the risk evaluation, and the financial muscle of the individual borrowing the money. While on the other hand, hard money lenders may give between six to eighteen-month loans. At Prodigy Commercial Lending, we prefer to work longer loans that we can fund within 7 to 10 days after appraisal is received and reviewed.
At Prodigy Commercial Lending, our loans are based on the value of the property. We base on assets and we want you to know that you can do this. We will work directly with you regarding your payments. We prefer loans that range from $80,000 to as high as $5,000,000. We treat our brokers with love and respect and will pay out several thousand per month for referral fees alone to both our brokers and real estate agents.
Proven success
Commercial Loans
We have been investing in both businesses and residential real estate in the state for over 40 years. At Prodigy Commercial Lending, we have so many years’ worth of experience in financing real estate and are thus confident we can give you a loan that will help you move forward with your cash-out.
Consultants
Equity Financing May Be The Answer
Most borrowers face problems getting approval for financing in today’s market. It is because of this, that we have equity financing or hard money loans. The loans are based on the value that is within your home or property in line with the credit-worthiness of the customer. It does not affect the debt to income ratio for the borrower. Our loans are approved fast and made easy to access. They are quickly funded and it practically takes about 10 days for them to be received after the appraisal. When faced with immediate problems, hard money loans may be the right solution even if you have already been turned down by other lenders. At Prodigy Commercial Lending, we can assist you to make short term loans that will last between one to three years. These loans use real estate value as collateral for both business and residential investments. Interest rates and lenders fees all depend on the risk assessment for each individual loan. In case you need a fast cash-out, don’t hesitate to call us at Prodigy Commercial Lending today!
We service the following zip codes and surrounding areas:View a map of our services areas