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Cornerstone Commercial Mortgage Media
March 28 , 2006
Cornerstone Commercial Mortgage Arranges
$1,300,000 Mezzanine Loan for a
14 Unit Residential Condo Project,
San Diego, California
Cornerstone Commercial Mortgage arranged a $1,300,000 mezzanine loan behind a $6,750,000 construction loan for Sigsbee Row, LLC to construct 14 residential condominiums in downtown San Diego. The mezzanine loan allowed the borrower to maximize leverage reducing cash into the project. The project is just east of East Village near Petco Park and in a neighborhood that is under redevelopment and in transition.
Cornerstone Commercial Mortgage acts as mortgage consultants specializing in arranging commercial real estate financing for clients nationwide. Cornerstone Commercial Mortgage manages every detail of the loan process from start to finish and assists clients in all aspect of financing from consulting on the feasibility of a real estate development project to obtaining the right construction or permanent loan.
Cornerstone Commercial Mortgage’s Mission is to provide our clients the best loan at the most competitive terms in the shortest time possible while keeping their best interest in mind. For more information see our web site at www.cmlv.net. |
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