We are credit-based lenders. We offer hard money credit for economic and residential expense loans. Across the United States, we work with the borrowers, brokers and real estate agents
Making a decision concerning loans is not a problem for us since we are direct lenders. Nobody is limited in doing the easy loans however we recommend making a decision on the complicated loans regardless of the level of the complication of the loans or the decision. It’s our joy to help the customers that have been turned down by other lending companies. Depending on the quantity of your equity we can find a way to make the loan.
Depending on the particular type of property that includes retail, warehouses, office, commercial and residential buildings they will vary the rates, moreover, the term of the loan is included in the factors such as risk assessment and the condition on which the borrowers are financial. We also prefer to do the loans of the long term that we can finance in the period of 7 to 10 data just after the appraisal is received and reviewed, however, hard money lenders may give six to eighteen-month loans.
Our loans are on the basis of property equity, as much as income review is not as serious a factor, we will review it. You can do this with no fear and trouble since we are based on assets. We love loans that are between $80000 and go as high as $5000000, we will also work closely with your payment regards. We really cherish our brokers and the real estate agent to who we pay out several thousand on a monthly basis.
We have been in the market for more than 40 years, doing both the commercial and the residential real estate within the state. This gives you more confidence in us due to the experiences in the financing for the real estate, we are more than sure and more confident that we will give you a loan and help you move forward with your cash out and purchase.
Equity financing can be the solution
Prodigy Commercial Lending, we have something called the equity financing or hard money loans that will help you in today’s market where the approval of the loans is a big problem. The equity financing loans are relative to the equity in your home or your asset worthiness. This loan doesn’t have any effect on the credit income ratio for you as the loaner. The benefits of these loans are; their approval is quick, they are procured easily, they are quickly funded and within 10 days they are given out after assessment.
The equity financing loans provide immediate solutions to problems, it doesn’t matter if you have been turned down elsewhere. We also process short term loans that last as from 1 to 3 years. The collateral of these loans is real estate equity investment of both the residential and commercial. The interest rates, lenders fees among others fee are fully dependent on the evaluation risk for each person’s loans. Don’t haste if you need quick cash out, call us today at Prodigy Commercial Lending for more info.
If you need cash out make a point of contacting us.We service the following zip codes and surrounding areas:
View a map of our services areas