Thank you for the opportunity to share
general information relating to the commercial real
estate finance industry and letting you know what's new
at Cornerstone Commercial Mortgage. We value your
relationship and believe better communication is another
way we can serve
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Attractive Multi-Family Apartment Financing
Available
The sources for commercial real
estate loans are scarce these days with no secondary
market (CMBS) and many of the direct lenders on hold or
using underwriting criteria that makes getting a new
loan almost
impossible. As with
all commercial property types there has been softening
of rents and higher vacancy, which has resulted in a hit
to property values. However, as a
product type, apartments seem to be weathering the storm
better than other commercial property with possible
signs that stabilization is around the
corner.
In the midst of this credit crisis
with most commercial mortgage brokers out of business
and many lenders on the sidelines, Cornerstone
Commercial Mortgage is actively assisting our client's
financing needs. We have an
aggressive financing program available for multi-family
apartments - refinance/purchase
and
construction:
- Mid 5% interest rate
range Fixed
for 35 years
- 35 year amortization
- 2 pts+
- 1.17:1 Debt Service
Coverage
- 85% LTV
- Plus closing costs/legal and Third
party report costs
- Loans greater than $2,000,000
- Non-recourse
If you have a
commercial real estate financing request call us, if it
is possible to get financing for your loan we will find
a way to get it done. Call us today
to see how we can help you.
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Apartment Market
Conditions Stabilizing, But Not Improving, According to NMHC Quarterly
Survey
Michael Tucker,
mtucker@nmhc.org
August 4, 2009
WASHINGTON, DC - The
apartment market continues to struggle, but shows early
signs of possibly stabilizing, according to the National
Multi Housing Council's latest Quarterly Survey of
Apartment Market Conditions.
All four of
the survey's market indexes covering occupancy, sales
volume, equity finance and debt finance remained below
50 (indicating conditions were worse than three months
ago), but three of the four increased from the last
quarter, with only the debt index recording a
decline.
"Apartment demand remains tethered
to an economy that continues to shed jobs at a fairly
rapid pace," noted NMHC Chief Economist Mark
Obrinsky. "Financing is beginning to stabilize,
but the market is still a long way from 'normal'."
Click to read
the rest of this
article
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Taking it from failure to
success
Robert
Kiyosaki, entrepreneur and author of the "Rich Dad" book
series, believes that taking risks and failing gave him
the greatest opportunities for growth. Here are
his three steps for transforming failure into
success:
1. Avoid blaming others.
This only deflects your negative
feelings, and you won't learn.
2. Start new partnerships.
Some people you meet through any
enterprise, even if it fails, can become
assets.
3. Critique
yourself. Ponder your mistakes. If
you learn from them, you can avoid making new
ones.
---- Adapted from "Rich
Returns---Don't fear failure," Robert
Kiyosaki,
Entrepreneur.
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 Quality Customer Service is our
Guarantee We work with investors
and developers on all product types from land
loans to permanent loans providing the best financing
options available.
Kevin
Moore
Vice
President
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San Diego Office:
2356 Moore Street, Suite 201
San Diego, CA 92110
Las Vegas
Office:
316 E. Bridger Ave.
Suite 202
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| Click on above rates for more
detailed infomamtion including charts and graphs
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"If we ever forget that we are One Nation Under
God, then we will be a nation gone under"
Ronald
Reagan
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