Prodigy Commercial Lending Is Always Ready To Help You
Prodigy Commercial Lending is an equity-based lender giving out hard money for both commercial and residential investment loans. We work with various stakeholders across the United States including real estate agents, brokers, and borrowers.
At Prodigy Commercial Lending, we make a quick decision on loans compared to other lenders who may require a week or so to make a decision. We offer convenient loans to everyone and we prefer to make the decisions on loans that are more complicated regardless of how complicated they are. We give priority to customers with a lot of equity and those turned down by banks.
Our rates vary depending on the different types of property including apartments, retail, land, warehouses, special purpose, residential, commercial, and office buildings. Factors also include the term of the loan, the risk assessment, and the financial condition of the person borrowing the money. Hard money lenders, on the other hand, may give six to eighteen-month loans and we prefer to do longer loans that we can fund within 7 to 10 days after the appraisal obtained and then reviewed.
We base our loans particularly on the equity of the property. We review the income however; we do not consider it a lot. Assets are our main concern and we want you to know that you can do this. In terms of payments, we work closely with our clients to ensure smooth payments. We like loans that range from $80,000 to as high as $5,000,000. We appreciate our brokers and payout several thousand monthly for referral fees alone to our brokers and our real estate agents.
With over 40 years operating and investing in both commercial as well as residential real estate in the state, we have a lot of experience in financing real estate and thus, we are confident that we can offer you a loan that will help you to move forward with your purchase or cash out.
Equity Financing May Be the Answer
Many people have problems getting their loans approved for financing in the market today. For this reason, we have equity financing or hard money loans. We base all our loans upon the equity that is within your home or property instead of the credit-worthiness of the borrower. It does not affect the debt to income ratio for the borrower. These loans are quickly approved and easy to procure. They got funded quickly and typically takes about 10 days for them to be given after the application.
Do you have problems borrowing from your local bank or any financial institutions? Hard money loans may help to solve the immediate problem.
We can help you to make short-term loans that will last from one to three years. These loans use real estate equity as the collateral for both commercial and residential investments. The interest rates and lenders fees will all be dependent on the risk evaluation for each loan. Lender fees, interest rates, and other fees will be fully dependent on the risk evaluation for each loan.
You can get in touch with us at Prodigy Commercial Lending. Make a deliberate effort t to cash out with us.We service the following zip codes and surrounding areas:
View a map of our services areas