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Cornerstone Commercial Mortgage Media

September 30th, 2005

Cornerstone Commercial Mortgage Arranges $500,000 Permanent Loan on a Mixed Use Property

Las Vegas , Nevada 

Cornerstone Commercial Mortgage arranged a permanent loan to refinance an older 4,310 sq.ft. mixed use property downtown Las Vegas. The owners were looking to take cash out to buyout a partner and take advantage of the lower rate environment. The lender provided a 3 year fixed rate at 6.75% with a 30 year amortization. The loan was conservative at less than 54% LTV.

Cornerstone Commercial Mortgage acts as mortgage consultants specializing in arranging commercial real estate financing for clients throughout Nevada and California. 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 on this transaction contact Cornerstone Mortgage at 702-385-2658, 5765 S. Rainbow Blvd., Suite 102, Las Vegas, NV 89118 or see our web site at www.cmlv.net.