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Cornerstone Commercial Mortgage arranges a $900,000 loan
at 5.65% fixed for 10 years on a 36-Unit Multi-Family Apartment,
Las Vegas, NV
Las Vegas, NV July 29, 2011. Cornerstone Commercial Mortgage arranged a $900,000 permanent loan to refinance a 36-unit apartment building owned free and clear in Las Vegas, NV. The borrower was looking for a cash out refinance to take advantage of other investment opportunities. Since the project was mapped as condominiums, the borrower was having difficulty obtaining a typical permanent loan. However, Cornerstone Commercial Mortgage was able to arrange a permanent loan acceptable to the borrower at a competitive 5.65% fixed rate for 10 years amortized over 30 years. Cornerstone was able to accommodate the client’s request when other brokers could not 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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