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Commercial Mortgage

 

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Cornerstone Commercial Mortgage arranges a $1,196,000 permanent loan at 6.50% for three years on a 52 unit multi-family apartment in Las Vegas

 Las Vegas, NV October 31, 2011.  Cornerstone Commercial Mortgage arranged a $1,196,000 permanent loan for the purchase of a 52 unit multi-family apartment complex in Las Vegas, NV. The borrower was looking for a reasonable, fixed rate permanent loan.  Cornerstone assisted the borrower in arranging a permanent loan at 65% LTV, 6.50% fixed rate for three years amortized over 20 years.  The borrower is an out of state investor and relatively new to commercial real estate investing making it more of a challenge to find conventional financing; however, Cornerstone was able to secure financing with a conventional lender at a reasonable fixed rate and 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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Cornerstone Commerical Mortgage
A Commercial Real Estate Mortgage Company