If you are looking to acquire or refinance a multi-family or healthcare related property at the lowest fixed rate with the longest amortization in the market, we can help you.   We just successfully closed a HUD loan for a client refinancing a 42 unit apartment paying off a construction loan 85% LTV ratio with a 4.20% fixed interest rate for 35 years fully amortized. 

Start the New Year out right with Cornerstone Commercial Mortgage assisting you in refinancing or financing a new property at the lowest rates available. Don't wait to start the process if it is HUD financing that may work for you because the HUD loan program can take longer than a conventional loan to close, but if you are patient it will pay off and we will assist you in making it as easy as possible. 

We not only assist in HUD loans we also have relationships with a variety of lenders including private money lenders, conventional lenders and joint venture partners to help you achieve your financing goals.  So call us today to see how we can help you.

Click below for detail regarding the underwriting criteria on the HUD loan programs available:

HUD 223(a)(7)  Refinance Existing HUD Loan

HUD 223(f) Acquisition or Refinance Multifamily Properties

HUD 223(f) Acquisition or Refinance of Healthcare Facilities

U.S. Commercial Property Rises For Second Consecutive Month, Moody's Says

By Brian Louis - Dec 20, 2010 11:58 AM PT

U.S. commercial property prices rose 1.3 percent in October from the previous month, the second consecutive monthly gain, Moody's Investors Service said.

The Moody's/REAL Commercial Property Price Index climbed 3.2 percent from a year earlier, Moody's said in a report today.

Demand is rising for the best office buildings in major markets including New York, San Francisco and Washington as buyers seek returns higher than fixed income. Investors may begin buying lower-quality buildings in major markets and top- tier buildings in secondary markets next year, said Robert Bach, chief economist for Grubb & Ellis Co., a Santa Ana, California- based commercial broker.

Look for milkshake moments

Adapted from the Milkshake Moment, Steven Little

     Leadership thinker Steven Little performs a test during hotel stays.

He asks room service for a milkshake.  If he's told it's not on the menu, he walks employees through the list of ingredients to see if they have everything. 

     "Do you have vanilla ice cream?"  Yes. "And milk?" Of course. "Do you have a tall glass and a long spoon?" Sure. If so, he tells them how to make one.  If they're willing to do it, that's a "milkshake moment." 

     His definition: When people understand their true purpose, believe it's their job to fulfill it and have the tools and freedom to make it happen, that's a milkshake moment.

     Little wrote a book about the exact moment that employees realize they can overcome stupid systems and rules and instead do the right thing for the customer and the business.

     Ask: What is your organization's highest purpose?  Are you putting people in the best position to accomplish it?  Do your current policies and systems enable you to deliver it?