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Cornerstone Commercial Mortgage Media
Cornerstone Commercial Mortgage arranges
the refinance of a $22,250,000 land development loan for
195 residential condos at Lake Las Vegas
Las Vegas, NV. December
21, 2006. Cornerstone Commercial Mortgage arranged
a $22,250,000 loan to refinance and consolidate two separate
loans for CW Capital Fund One, LLC. The project involves
195 proposed residential condominium units at Lake Las Vegas
just outside Las Vegas, NV. The borrower needed to restructure
the original land development loan for a longer period of time
due to a slow down in the market. The two original lenders
did not want to extend their loans; therefore the borrower needed
a new lender to take out the original lenders. The project
involves a national home builder who has optioned to purchase
the finished lots once completed which is expected to happen
in the next 2 years.
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 see our web site at www.cmlv.net. |
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