|
|
|
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.
|
|
|
|
|
Reminder -
Time is Running Out to Close Your Loan by Year
End |
|
If you have a deadline and must close your loan by year end
you need to start NOW. It takes an average of 60 plus days to
close a conventional commercial real estate loan. The main
reason is the appraisal process which takes anywhere from 3-6
weeks to receive a self-contained appraisal report.
Now
if you don't care about pricing we can get your loan closed in
a few weeks, but the cost will be significantly higher in the
way of interest rate and fees.
|
|
More About
Cornerstone |
|
|
Advantages
of a Reputable Commercial Mortgage Broker |
|
 As a commercial real estate developer or an investor
financing is critical to the success of the project. Whether
it is for a land purchase, development/construction loan or
just permanent financing it takes considerable effort and time
to find the right financing alternative that best fits your
needs. You can try and handle the search, paperwork and
applications yourself, or you can use the services of a
professional mortgage broker to handle the deal.
A
reputable mortgage broker will provide you several advantages
that will ultimately save you
money.
•Alternatives– A mortgage broker will
comparison shop the loan request with numerous lenders giving
the borrower several options to choose from. This saves the
client time and effort in looking by themselves and allows the
borrower to choose the loan that best fits their needs.
•Connections – A mortgage broker is working in
the trenches everyday and knows the best lenders at the lowest
cost that best fit the borrower’s request, again giving the
borrower the choice and flexibility in choosing a loan.
•Expertise - A reputable mortgage broker knows
what the lender is looking for and knows how to present the
loan request to get the best deal possible. Quality lenders
recognize this added value, and many are willing to reduce
their loan fee in order to accommodate the mortgage broker’s
compensation, resulting in no additional cost to the borrower.
|
|
More about
Cornerstone |
|
|
About
Cornerstone |
|
Cornerstone Commercial Mortgage specializes in commercial
real estate finance. We act as mortgage consultants, focusing
on providing the appropriate financing solutions for each
client. We work with investors and developers on all product
types from Land loans to permanent loans providing the best
financing option available.
John P. Lloyd,
President/Owner
Phone: (702) 385-2658
Cell: (702)
379-3468
Email: john.lloyd@cmlv.net
|
|
|
| |
