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Cornerstone Commercial Mortgage Arranges a $5,400,000 Construction Loan to complete a 592 unit Self Storage & RV parking facility in
Anaheim, CA

Anaheim, CA, June 28, 2006.  Cornerstone Commercial Mortgage arranged a $5,400,000 construction loan to refinance an existing private lender construction loan and provide additional funds to finish the self storage & RV storage facility with 51,465 sq.ft. of rentable area in 592 units with 110 recreational vehicle spaces on 3.8 acres of land located in Anaheim, CA.  The loan allowed the borrower to payoff an existing lender towards the end of construction and give the borrower additional dollars to finish the project due to the higher costs than originally anticipated.  The lender was an institutional lender providing the borrower more dollars at a better rate than the previous lender.

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 or call John Lloyd at 702-379-3468.