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Cornerstone Commercial Mortgage
Arranged a $3,300,000 Permanent Loan on a Luxury SFR

Rancho Santa Fe, CA February, 23, 2010.  Cornerstone Commercial Mortgage arranged a permanent loan to pay off a construction loan for luxury single family residence in Rancho Santa Fe, CA. The owner had finished construction on a large owner-occupied home in Rancho Santa Fe and the construction loan matured.  The borrower wanted conventional, competitively priced long term financing.  The owner was well qualified and wanted a rate in the 5% fixed rate range, interest only with little to no prepayment penalty.  Cornerstone was able to provide the borrower with a loan amount of $3,300,000 at a competitive interest rate (5.5% fixed for 10 years), 30 year amortization in the time frame she needed to close.  The borrower was more than satisfied with the quality customer service they received throughout the loan process.

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.