Commercial Real Estate Financing
Cornerstone Commercial Mortgage Arranges $26,000,000 in Land Development Financing for 150 residential lots at
Lake Las Vegas, Las Vegas, Nevada
Lake Las Vegas. Las Vegas, NV September 30, 2005. Cornerstone Commercial Mortgage arranged a land development loan for CW Capital Fund One, LLC to purchase 150 unimproved residential lots. The loan allowed the buyer to acquire and improve the lots for resale.
This transaction was part of a 543 lot acquisition involving four lenders, one borrower and one National Home Builder who optioned to purchase the lots once they were finished. The Home Builder entered into a contract to complete all the site improvements and optioned to takedown all the finished lots over the next three 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 on this transaction contact John Lloyd at 702-385-2658, 5765 S. Rainbow Blvd., Suite 102, Las Vegas, NV 89118 or see our web site at www.cmlv.net.
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