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Cornerstone Commercial Mortgage Media

Cornerstone Commercial Mortgage Arranges a
Re-fi with cash out
16,000sq.ft Multi-Tenant Retail Center, Poway, CA

 Poway, CA May 19, 2008.  Cornerstone Commercial Mortgage arranged a permanent loan for a partially owner/occupied 16,000 sq.ft. multi-tenant retail center. The owner was looking to refinance an existing loan that was maturing and also wanted to pull cash out for building improvements.  Cornerstone was able to provide the borrower with the loan amount they wanted at an extremely competitive interest rate (6.10% fixed for 7 years), ten-year term with a 30-year amortization in the time frame they needed to close.  The borrower was more than satisfied with the quality customer service they received throughout the loan process.

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.