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 you. |
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How is Cornerstone Commercial successfully arranging loans for clients in a down market when many other mortgage brokers have left the business?
- Relationships - We believe in strong, long-term relationships for a healthy, viable business. Our consistent integrity over the years has built credibility and loyalty from our clients, therefore allowing us to remain in business when others have failed. Relationships are the cornerstone of our business.
- Perseverance - In spite of the drastic reduction in lenders actively making loans, we are finding creative ways to satisfy our clients. If it is at all possible to get the loan request funded we will find a way to get it done.
- Commitment - Our commitment to quality and integrity has not changed even though there is extreme volatility and fear in the market, we remain committed to arranging financing on viable projects that should get funding.
Call us today to see how we can help you.
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Housing Recovery: Not Yet, but When?
Standard & Poor's believes markets will stabilize and then recover in 2010
By Kenneth Leon, CPA From Standard & Poor's Equity Research
It looks like the U.S. homebuilding story entering 2009 may be much like 2008, with weak demand, high cancellations, lower pricing, and industry inactivity. Current housing market conditions remain weak, with a deepening recession keeping many qualified homebuyers on the sidelines and the financial system still in a crisis situation.
S&P economists are forecasting new housing starts in 2009 to reach only 650,000 units, a 29% decline from 2008's estimated level of 910,000 units, and a 65% drop from the 1.8 million units posted in 2006. Starts are expected to jump to 980,000 units in 2010. As a percentage of U.S. real gross domestic product, residential construction may decline 19.5% in 2009, following year-over-year decreases of 18.1% in 2007 and 21.3% seen for 2008. However, S&P economists are forecasting a 13.3% pickup in 2010.
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5 Actions Every Leader Should Practice
Leading is not about personality----it's about action, say leadership researchers James Kouzes and Barry Posner, who have analyzed the work of thousands of leadership experiences. Almost every case of leadership follows the same five practices:
1. Set an example. To demand commitment and high standards from your people, walk the talk.
2. Paint a picture. Give your team a vision of what they are working toward, and they will find the process more meaningful.
3. Keep innovating. Always be looking for new ways to improve, take risks and think creatively .
4. Build trust. Provide an environment of collaboration and a consistent mind-set of "we" instead of "I".
5. Celebrate achievement. If someone does a good job, recognize the contribution. Genuine appreciation for good work gives people a sense of being valued and improves performance.
---- Adapted from The Leadership Challenge, James M. Kouzes, John Wiley & Sons. | |
 Integrity is the Cornerstone of our business
Cornerstone Commercial Mortgage specializes in commercial real estate finance. We act as mortgage consultants, focusing on providing the appropriate financing solutions for each client.
Contact John Lloyd at 702-379-3468 or
619-293-3919 E-mail - John.lloyd@cmlv.net
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 Quality Customer Service is our Guarantee
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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"Unlike other resources, time cannot be bought or sold, borrowed or stolen, stocked up or saved, manufactured, reproduced, or modified. All we can do is make use of it. And whether we used it or not, it nevertheless slips away."
Jean-louis Servan-Schreiber
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