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Cornerstone Commercial Mortgage Media

Cornerstone Commercial Mortgage arranges a $1,344,715 all-in-one acquisition/construction/permanent Loan, Las Vegas, NV

Las Vegas, NV, May 11, 2007.  Cornerstone Commercial Mortgage arranged an all-in-one loan for a borrower to purchase a newly constructed 5,000 sq.ft. owner-occupied office building.  At time of acquisition it was a shell building only.  The borrower did not want to go SBA, but wanted the most leverage possible at the best rate available. The subject loan included funds to acquire the shell building and funds to construct the tenant improvements.  Cornerstone was able to arrange a conventional acquisition/construction/permanent all-in-one loan for 85% of the total cost with the borrower coming in with only 15% down in cash.  The loan was structured with an interest only component through the construction of the tenant improvements and then the rate was fixed for five years with a 25-year amortization. 

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.