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Commercial Mortgage

 

Media

Cornerstone Commercial Mortgage Media

Cornerstone Commercial Mortgage Arranges a $1,000,000 Loan
 on a Gas Station/Convenience Store & Denny’s Restaurant,
Baker CA

Baker, CA September 3, 2008.  Cornerstone Commercial Mortgage arranged a $1,000,000 permanent loan on a Shell gas station/convenience store and a Denny’s Restaurant in the small town of Baker, CA.  The property was owned free and clear and the borrower was looking to pull cash out. The property had some environmental contamination that was in the process of being remedied; however, given the environmental issues it was difficult for a conventional lender to do the loan.  Cornerstone was able to find a private lender to get the borrower his $1,000,000 cash out at reasonable terms considering the circumstances: 8.50%, 7 year term with a 30-year amortization. Cornerstone was able to accommodate the client’s request while providing excellent customer service.

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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