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Cornerstone Commercial Mortgage Arranges a $1,200,000 Permanent Loan on a purchase of an Arco Gas Station/AM PM Mini-Mart, Chula Vista, CA

 Chula Vista, CA September 24, 2008.  Cornerstone Commercial Mortgage arranged a $1,200,000 purchase loan on an Arco gas station/AM PM Mini-Mart in Chula Vista, CA.  The property was purchased for $1,500,000 resulting in an 80% LTV. The property had no environmental contamination, which simplified the purchase. Cornerstone was able to find a lender to provide an attractive 20-year loan fixed at 7.89% for 10 years with a 20-year amortization schedule. Given the tough lending environment today, Cornerstone came through for the client with competitive loan terms 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.