Prodigy Commercial Lending is a hard money lender. We offer equity financing for residential as well as commercial investment loans. We deal with brokers as well as real estate agents and borrowers in the United States.
As immediate lenders, we make decisions on loans faster than those who take weeks to arrive at a decision. Anyone is eligible for these loans regardless of their situation. At Prodigy Commercial Lending, we prefer working on more complex loans regardless of their nature of complexity. As long as you have enough equity, we can always help you out with a loan. It is always our pleasure to serve customers whose loan requests have been rejected by banks.
Our rates vary based on the type of property. Other factors are the financial situation of the borrower, risk assessment as well as the conditions of the loan. Equity financing lenders can give loans of up eighteen months. At Prodigy Commercial Lending we are ready and willing to offer longer loans with funds released between seven and ten days of receiving and reviewing the appraisal.
Our loans are dependent on the property equity. The borrowers’ income is also reviewed; however, this factor is not emphasized. We base our operations on assets and believe that you can also do this. We closely work with our clients in spite of their repayments. We prefer ranging from $80,000 to $5,000,000. We work intimately with brokers and pay thousands in referral fees.
Prodigy Commercial Lending has been in operation for 40 years and counting. During this time we have progressively invested in commercial and residential estates across United States. With a wide pool of experience acquired over time, we believe we can provide you with a loan that will help you move to the next level with a cash-out or purchase.
In the current financial market, acquiring of loans is a huge problem to most borrowers. To curb this problem, Prodigy Commercial Lending offers hard money loans. The loans are issued in line with the equity of your property as well as the credibility of the borrower in servicing the loan. The borrower’s debt-income ratio is not affected by the loan issued. The loans get quick approval. They are funded faster and are issued about ten days after approval.
These equity financing loans come in handy when faced with an urgent financial problem, especially when you have been rejected elsewhere. At Prodigy Commercial Lending, we help our clients acquire loans on a short term basis. These loans last between one to three years. Your property equity acts as collateral for these loans whether in residential or commercial investments. For each individual loan, interest rates as well as lenders fees are calculated base on the risk evaluation. If in need of quick cash out, reach out to us at Prodigy Commercial Lending now!We service the following zip codes and surrounding areas:
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