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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Not all commercial real estate is on the rocks and there is good reason why the market is worse than it should be.
Commercial real estate in general is not doing well as
evidenced by the high vacancy rates and limited sales/leasing activity ,
however, this is mainly for the larger commercial office, retail, industrial,
and hospitality properties. The one
sector of commercial real estate that is holding up in this economy are smaller
income properties like apartments, owner occupied and mixed use properties
where financing is still somewhat available and properties are still affordable
investments, unlike for the large commercial properties where financing is not available.
Conventional commercial real estate financing is practically non-existent in the market place, however, it is not because there are no loan opportunities. In general most banks are just not lending. The lack of available financing is drastically slowing down the commercial real estate market causing it to be worse than it should be. However, there are a few select lenders out there making loans. If you have a deal that makes sense we will find the lender for you.
Today's difficult economy is providing investors some
excellent investment opportunities and where most banks have reduced their
commercial real estate lending drastically for reasons often totally unrelated to the specific loan transaction
quality, this has created an opportunity for the select lenders that are willing
to lend. There are diamonds in the rough
and we have lenders who recognize them with extremely attractive terms nationwide.
We have some excellent lenders with rates and terms for owner occupied properties
and medical Office Buildings Nationwide:
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Conventional and SBA programs available
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Conventional maximum 80% LTV; 85% for medical businesses
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SBA maximum 90% LTV
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Single loan and single closing for construction and permanent phases
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Quick approval & closing process
Rates effective October 15, 2009
Term Amortization Rate
5 25 4.95%
7 20 5.60%
10 20 6.10%
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Friday, October 09, 2009
Full-Year TARP Results: Banks Hoard More Cash, Make Fewer Loans
Mark Lieberman, Senior Economist
FOXBusiness
In the year since the Troubled Asset Relief Program was enacted by Congress under pressure from Federal Reserve Chairman
Ben Bernanke and then-Treasury Secretary Henry Paulson, the nation's commercial banks reduced loan balances by more
than $400 billion and increased their cash-on-hand by over $500 billion, according to a report by the Federal Reserve.
The
weekly report on commercial bank assets - issued on a two-week lag -
showed commercial banks had just under $1 trillion in cash assets -
$993.4 billion - at September 30 compared with $493 billion a year ago.
The report for September 30 was released Friday (Oct 9). Click to read the rest of this article |
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The Value of A Good System
by John C. Maxwell
A system is simply your way of getting things done. Systems aren't
one-time acts; they're habits that you do weekly or even daily. They're
the mechanics of leadership, and over time, they dictate the extent of
your effectiveness.
The Value of Systems
1) They Help Us Manage Time
As a young leader, a heavier workload and increasing demands on my
time forced me to learn how to get things done quickly. I developed
systems to squeeze as much productivity as possible into my day. I
couldn't afford to move slowly.As Peter Drucker wrote, "Everything requires time. It is the one
truly universal condition. All work takes place in time and uses up
time. Yet most people take for granted, this unique, irreplaceable, and
necessary resource. Nothing else, perhaps, distinguishes effective
executives as much as their tender loving care of time."
2) They Help Us Conserve Energy
When we have good systems in life, we don't waste energy. Do you
know the number one waster of time? Looking for things that are lost. A
study by Office World News found that the average executive squanders
150 hours each year looking for misplaced files. As I worked on this lesson, I laughed because I knew it would bring
up a few of my idiosyncrasies. For example, when I went to get my
glasses the last time, I ordered six pairs-one to put at each of my
favorite reading places. I don't have to carry a pair around with me,
and when I sit down they're always convenient. It may seem like a silly
system, but I never lose time rummaging around for a pair of reading
glasses.
3) They Help Us to Multiply Creativity
When I was first married, my wife and I lived in south Indiana, and
we didn't have any money. Margaret taught kindergarten, and I was a
pastor making $80 per week. Margaret would ask me to mow the lawn, and
I would get irritated because we didn't have money to hire someone else
to tend to the lawn. There's nothing wrong with mowing, but I had lots
of other priorities, and mowing didn't crack my top ten. So, eventually
we bought a goat. He grazed on the grass, and I saved time! Developing systems to handle the trivia of life frees you up to be
creative. By automating repetitive tasks, you're able to focus mental
energy on top priorities.
4) They Help Us to Maximize Progress
Systems help us to move forward, to go as far as we possibly can.
They enable us to work faster, smarter, and more strategically. A good
system eliminates waste, while it also anticipates and removes
obstacles.
To get the most out of systems, you have to make them a lifestyle
not a one-off deal. They must become ingrained in your routine. Systems
only benefit you when you stick to them.
by John C. Maxwell www.giantimpact.com
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 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   |
 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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| Click on above rates for more detailed infomamtion including charts and graphs
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"The measure of a man's real character is what he would do if he knew he never would be found out."
~Thomas Babington Macaulay |
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