We are pleased to announce that we are now offering No Doc Commercial Loans. Now without the red tape and high cost of a commercial bank, those interested in obtaining a mortgage for light commercial property can get a great deal on a variety of commercial loans at great rates and with the same people many have trusted for residential mortgages for over 15 years.
Now without the red tape and high cost of a commercial bank, those interested in obtaining a mortgage for light commercial property can get a great deal on a variety of commercial loans at great rates and with the same people many have trusted for residential mortgages for over 15 years.
Commercial real estate loans are different than typical mortgages and usually not funded by traditional mortgage companies. These loans are secured by real estate used for either income purposes or to operate a business and are not typically residential unless they are larger multi-family buildings. Because of the uniqueness of the properties and the lack of a liquid secondary commercial mortgage market, borrowers seeking commercial financing were left with few choices amongst the large banks that funded these loans. Well, not any longer!
The commercial lending programs provide an alternative to traditional bank financing that is ideal for borrowers seeking small balance commercial real estate loans ranging from $100,000 - $5,000,000.
Our No Doc programs make the process super easy. We don't verify Income, assets, or employment for commercial real estate purchases, refinances, and cash-out refinances. Plus, our No doc programs allow faster approvals and and turn-times - 45 days compared to 90 days for other lenders. In addition, our innovative program includes residential style underwriting, 72 hour pre-approvals, quick 30 - 45 day closings, multiple pricing options, and minimal costs. We also offer the only 30 year fixed-rate in the industry.
Types of Commercial Properties We do:
- Multifamily - 5+ Units
- Mixed Use - Residential
- Mixed Use - Commercial
- Retail
- Light Industrial
- Office
- Office Condo
There are some types of commercial properties we do not fund. They would include: properties with environmental issues; single or specialty use; construction/rehab financing; and commercial land. We handle the entire commercial funding process from start to finish with a streamlined and automated underwriting process…so all commercial deals close smoothly on time, every time.
For more information, contact:
Stephen Katz
www.KatzMortgageTeam.net