Media

Cornerstone Commercial Mortgage Media

Cornerstone Commercial Mortgage Arranges  $1,730,000 Mezzanine Loan for the development of a residential condo project,
San Diego, California 

San Diego, CA, June 17, 2006.  Cornerstone Commercial Mortgage arranged a $1,730,000 mezzanine loan for a proposed 16 unit condominium project in Hillcrest located just north of downtown San Diego.  The purpose of the mezzanine loan is to assist funding the soft costs associated with obtaining entitlements.  This allowed the borrower to proceed with developing the property without contributing additional cash equity at a much higher cost of funds.

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.