The Prodigy Commercial Lending
We are money lenders who base lending on equity. We issue hard money loans to both commercial and residential investment and work with real estate agents, brokers and borrowers all across the United States.
Being direct lenders, we have the ability to make quick decisions on issuing loans contrary to others who may require weeks to decide. Since anyone can do easy loans nowadays, we have the preference of dealing with more complicated loans depending on your equity for we love helping customers who have been turned down by banks.
We vary our interest rates depending on the particular type of property (apartments, land, warehouses, residential, commercial, retail and office buildings). Other factors include the term of the loan, the risk assessment and the borrower’s financial condition. Although hard money lenders may give six to eighteen-month loans, we prefer to do longer loans that we can fund within 7 to 10 days after appraisal is gotten and reviewed.
Although we base our loans on the equity of the property, we also review the income which is not a serious factor. We also base our loans on assets and we would like to let you know that we will work closely with you despite your payments. We like t range our loans from $80,000 to $5,000,000. Due to the love we have for our brokers, we pay them out several thousand monthly for referral fees.
We have been investing in both residential and commercial real estate in the Unites States for over 40 years now. With such experience here at Prodigy Commercial Lending, we are, therefore, confident that we can give you loans that will assist you in moving forward with your business.
Equity Financing May Be The Solution
A lot of borrowers in today’s market are facing difficulties in getting banks to approve their financing. Due to this, we have introduced what we refer to equity financing or hard money loans where the money lent is based upon equity within your home or property in place of your credit-worthiness of the borrower and the debt to income ratio is not affected. These loans are easily procured and quickly approved such that it takes approximately only 10 days to be funded after appraisal is given.
You can use hard money loans to solve immediate problems where you have been turned down elsewhere. We can also issue you with short term loans ranging from 1 to 3 years which use real estate as the correspondence for both commercial and residential investments. Both the interest rates and the lender’s fee are dependent on the risk evaluation for each single loan. Thus, lender’s fee, interest rates and other fees are risk evaluation-dependent for each single loan. Do you need fast cash out? Contact Prodigy Commercial Lending today!We service the following zip codes and surrounding areas:
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