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Cornerstone Commercial Mortgage Media

Cornerstone Commercial Mortgage arranged a $2,700,000 Construction Loan to construct  a 11,750 sq.ft. retail building in Las Vegas, NV

 Las Vegas, NV, March 18, 2007.  Cornerstone Commercial Mortgage arranged a $2,700,000 construction loan to build 11,750 sq.ft. of multi-tenant 100% spec. retail space in a  neighborhood center located in a growing community in the Las Vegas area.   The borrower rezoned the property from RE to CP during the option period (6 months) and created substantial value in the land. Cornerstone was able to find a construction lender that would recognize land equity value created during the option period and provide a 90% loan to cost loan minimizing the cash equity required.

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.