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Commercial Mortgage

 

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Cornerstone Commercial Mortgage Arranges a $2,400,000 Construction Loan
 for a 17,725 sq.ft multi-tenant retail center in Emmett, Idaho

Emmett, ID August 1, 2007.  Cornerstone Commercial Mortgage arranged a construction loan to build 17,725 sq.ft. of multi-tenant retail space in the small town of Emmett, ID.  The Developer had 8,000 sq.ft. preleased to a national retail tenant.  The challenges on this deal were finding a lender that would make a 50% spec. construction loan in a small town of approximately 6,000 people and the developer was looking for a construction loan to cover 100% of the total cost including the land cost.  Cornerstone was able find a construction lender that would go to such a small community as well as provide 100% financing.  The loan ended up being 75% LTV and 100% loan to cost.
 
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.

 
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Cornerstone Commerical Mortgage
A Commercial Real Estate Mortgage Company