Welcome to Prometheus Private Lending
Prometheus Private Lending offers a range of fast, investor-friendly real estate loan solutions designed to meet the needs of both short-term and long-term projects.
Whether you’re flipping a property, acquiring a rental, or expanding a multifamily portfolio, our competitive private loan programs provide the speed, flexibility, and funding certainty real estate investors need to scale.
Options and Solutions
Gain access to the capital you need to move forward with your project profitably.
Tell us your story.
Whether you are a first time homebuyer or an experienced real estate investor, having a mortgage team you can count on is crucial.
We pride ourselves on excellent communication and easy accessibility when you need us. Our experienced staff is here to guide you every step of the way.
Fill out the questionnaire on this page to start a discussion about your mortgage needs today!
How it Works
Gain access to the capital you need to move forward with your project.
Frequently Asked Questions
A Private Money Lender can also act as a Hard Money Lender. But what really makes us unique is that we’re direct lenders offering both short and long-term funding options. That’s what sets us apart!
Gap funding isn’t something we provide, but we’re here to connect and explore. Do you have other real estate projects that need funding? Let’s discuss and see if we can assist you.
We don’t do JV deals, but we’re here to connect and explore. Do you have other real estate projects that need funding? Let’s discuss and see if we can assist you
We only do 1st lien position, but always ask about additional properties where we could potentially extend assistance or funding.
We don’t do Home Equity Loan, you won’t like it. Home Equity Loans or HELOCs are based on income and have a variable rate. Their rates are higher than our loans and much much much harder to qualify for.
Not funding in Canada, only in the US Non Rural. Use this link to check Rural areas.
No, we do not provide deferred payment options.
Yes we can, ONLY if the construction of the property is part of the loan.
Yes, contractors as well as builders, real estate agents, and mortgage brokers can be qualified leads.
Yes, we support first-time investors, subject to meeting standard requirements.
Yes, funding is available for non-U.S. citizens, subject to verification of valid visa or green card status.
No, we do not provide funding for self-storage investments.
No, we do not provide funding for parking projects.
YES, as long as it is not a hotel.
They are hotels too, so NO.
No, we do not fund co-op properties, as they are not classified as real property.
Yes, we offer refinancing solutions secured by collateral.
A portfolio loan, more accurately called a blanket loan, is a single loan that covers multiple properties, and yes, we provide this type of financing.
For an establish investor:
Bridge loans would be 7 to 10 days
DCSR 20 days
For new investors:
Bridge loan would take 14 to 21 days
DSCR is 30 days
No, we offer up to 90% of the purchase price and 100% of rehab costs through a bridge loan.
Yes, “under escrow” generally means the property is under contract and awaiting closing.
No, we do not provide funding for auction property purchases.
The minimum loan amount for mixed-use properties is the same as our bridge and DSCR loan programs.
We are direct lenders, so we offer very competitive rates. Without having any information on your deal, I can tell you that we are typically 1 point above fannie freddie 30 year mortgage rates.
Ground-up construction refers to building a property from the ground up, and yes, we provide funding for this type of project.
I have a proof of funds letter for 900k for a downpayment.
No, we do not provide funding for manufactured homes, as these are treated similarly to mobile homes.
We don’t take Junior Liens, this is also another way to say “2nd position liens”. Again, we only do 1st lien position.
No, however you can team up with somebody to utilize their credit.
This one also means for a 2nd lien position, we don’t do this.
We provide loans that are classified as ‘no doc’ loans.
Yes, we are ok accepting an assignment of appraisal.
In order to release any construction draw on a bridge loan either an inspector comes out to inspect or the borrower can upload photos to an app for release of construction funds.
Yes, we are ok lending on properties already in construction.
Still Have Questions?
If you can’t find an answer to your question in the FAQ’s below, you can always contact us and we’ll respond asap.
