No Doc Commercial Loans Now Available from Katz Mortgage Team
Katz Mortgage Team, http://www.katzmortgageteam.net/commercialloans.shtml, backed by Amtrust Mortgage is pleased to announce they 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.
Atlanta, GA (PRWEB) June 27, 2007 -- Katz Mortgage Team, http://www.katzmortgageteam.net/commercialloans.shtml, backed by Amtrust Mortgage is pleased to announce they 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.
"Commercial real estate loans are different than typical mortgages and usually not funded by traditional mortgage companies," according to Stephen Katz of Katz Mortgage Team. "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!"
At Katz Mortgage Team, 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.
As a nationwide lender, Katz Mortgage Team now offers up to 80% financing to individuals and LLC's. Katz states, "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 Katz Mortgage Team Funds:
| | - Multifamily - 5+ Units
- Mixed Use - Residential
- Mixed Use - Commercial
- Retail
- Light Industrial
- Office
- Office Condo
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Katz continues, "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."
Katz Mortgage Team handles 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.
About Katz Mortgage Team
Katz Mortgage Team, backed by Amtrust Mortgage Corporation and headquartered in Atlanta, Georgia, is a high-performance team of top mortgage professionals with a commitment to providing the highest level of personal service to customers across the nation. As a full-service residential mortgage lender, Katz Mortgage Team specializes in residential mortgages, mortgage refinancing, adjustable rate mortgages (ARMS), fixed rate mortgages, and a wide variety of Interest-Only loans attractive to real estate investors seeking investment properties.
About Amtrust Mortgage Corporation
A leader in mortgage banking, Amtrust Mortgage Corporation specializes in retail mortgage lending and is one of the largest independently owned mortgage companies in the nation. Amtrust currently lends in all 50 states and specializes in: Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, and Virginia.
For more information, contact:
Stephen Katz - Senior Loan Officer
866 742-8400 (toll free)
www.KatzMortgageTeam.net
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