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Cornerstone Commercial Mortgage arranged an $8,800,000 Construction Loan to complete an 876 unit Self-Storage and RV Park Facility in Beaumont, CA

Beaumont, CA, January 10, 2007.  Cornerstone Commercial Mortgage arranged an $8,800,000 construction loan to construct 876 unit self storage & RV storage facility with 116,806 sq.ft. of rentable area on 9.6 acres of land located in Beaumont, CA.  The institutional lender recognized the “as is” land value as real equity contributed thereby financing approximately 100% of the actual costs.

Cornerstone Commercial Mortgage acts as mortgage consultants specializing in arranging commercial real estate financing for clients nationwide.  Cornerstone Commercial Mortgage manages every detail of the loan process from start to finish and assists clients in all aspect of financing from consulting on the feasibility of a real estate development project to obtaining the right construction or permanent loan. 

Cornerstone Commercial Mortgage’s Mission is to provide our clients the best loan at the most competitive terms in the shortest time possible while keeping their best interest in mind.  For more information see our web site at www.cmlv.net.