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Cornerstone Commercial Mortgage arranged a $2,619,500 Acquisition/Land Development Loan, Las Vegas, NV

Las Vegas, NV, December 14, 2007.  Cornerstone Commercial Mortgage arranged a $2,619,500 land development loan to acquire 2.5 acres of commercial land which was in the process of being entitled for approximately 28,000 sq.ft. of multi-tenant retail space.   The borrower needed to close on the purchase of the land prior to finishing the entitlements, Cornerstone was able to arrange a 70% loan to total cost using the imputed land value as additional equity.  Cornerstone will arrange a construction loan for the borrower once the entitlements are completed.

Cornerstone Commercial Mortgage acts as mortgage consultants specializing in arranging commercial real estate financing for clients nationwide.  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.