Cornerstone e-brief - Closed Loan in Las Vegas - Where there is uncertainty there is opportunity

Cornerstone Commercial Mortgage

Cornerstone Commercial e-Brief

News & Information you can use You Can Use

August 2011

Greetings!

Thank you for the opportunity to share general information relating to the commercial real estate finance industry and letting you know what's new at Cornerstone Commercial Mortgage. We value your relationship and believe better communication is another way we can serve you.

Where there is uncertainty there is opportunity

With the economy still struggling to gain a foothold, there still are some great real estate opportunities for those who are persistent enough to seek them out and who are prepared to capitalize on them when they suddenly appear. Cornerstone Commercial Mortgage understands that being able to react quick can mean the difference between an investor getting a deal or losing a deal. Also, we understand that investors need liquidity in this window of opportunity to capture certain deals when they arise. Cornerstone Commercial Mortgage has helped numerous clients quickly purchase properties. Cornerstone Commercial Mortgage has also assisted clients in refinancing their existing real estate assets freeing up cash where they were equity rich and cash poor allowing them to have the cash available to seize that opportunity where all cash is required to close.

Cornerstone Commercial Mortgage is here to help you meet your financial goals and take advantage of these possible once in a life time opportunities. Whether it is to finance an acquisition, purchase and rehab an income property, or do a straight refinance, Cornerstone Commercial Mortgage is here to assist you with your personal economic strategy.

Cornerstone recently arranged financing for a multi-family property in Las Vegas, NV, obviously a place that has had its share of uncertainty, but also where there are some great opportunities. Las Vegas Loan Closed

Remember, Cornerstone Commercial Mortgage is a full service mortgage brokerage firm with access to numerous lenders arranging loans nationwide, as well as having a direct lender relationship doing direct loans in the San Diego area, so call us today to see how we can help you.

U.S. Homeownership Falls to Lowest Since 1998 on Tight Lending

By Kathleen M. Howley - Bloomberg News Jul 29, 2011

The U.S. homeownership rate fell to the lowest level since 1998 in the second quarter as stricter lending standards blocked purchases and foreclosures forced people out of their residences.

The ownership rate through June was 65.9 percent, the lowest since the same rate 13 years ago, the U.S. Census Bureau said in a report today. The vacancy rate, the share of properties empty and for sale, was 2.5 percent, compared with 2.6 percent in the first quarter.

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When you can't adopt the perfect solution

Robert Crandall headed engineering and manufacturing at Eastman Kodak during the "copier wars" with Xerox back in the 1970s. He faced two problems.

1. Kodak was too hierarchical to respond quickly to marketplace trends.

2. He couldn't rebuild the company overnight.

As a quick fix, he created "structured business meetings" and cycled all 1,500 of his employees through them every year. They would meet directly with management to talk about problems in inventory or production.

By the mid 1980s, quality had improved 100 percent, inventories had dropped by half and on-time deliveries had risen from 82 percent to 95 percent...all without radical restructuring.

The message: If you can't implement a perfect solution to a problem, do a great job of implementing a good solution, instead.