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Commercial Mortgage

 

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Cornerstone Commercial Mortgage arranges a $3,527,500 permanent loan at 4.20% fixed for 35 years on a 42 unit multi-family apartment

 

Spokane, WA December 20, 2010.  Cornerstone Commercial Mortgage arranged a $3,527,500 permanent loan to payoff a construction loan on a 42 unit multi-family apartment complex in Spokane Washington. The borrower was looking for the lowest, long term fixed rate available in the market.  Cornerstone Commercial assisted the borrower in arranging a HUD permanent loan at 85% LTV, 4.20% fixed rate for 35 years fully amortized. The HUD loan process takes a little longer than the normal conventional loan to close, however, the borrower’s patience paid off and he was able to lock in an extremely low, fixed rate of 4.20% for 35 years.  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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Cornerstone Commerical Mortgage
A Commercial Real Estate Mortgage Company