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Cornerstone Commercial Mortgage Media

Cornerstone Commercial Mortgage Arranges  $1,575,000 Bridge Loan for a mixed use commercial project,
San Diego, California 

April 17, 2006.  Cornerstone Commercial Mortgage arranged a $1,575,000 bridge loan secured by a 10,000 sq.ft. parcel that currently has older mixed use commercial/residential buildings on the site.  The borrower acquired the property to demolish the existing improvements and develop a new 16 unit residential condo project adjacent to Balboa Park north of downtown San Diego.  The bridge loan will allow the borrower time to get entitlements with the plan of obtaining a construction loan as a source of repayment.

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.