Cornerstone Commercial Mortgage

Cornerstone Commercial e-Brief
News & Information you can use You Can Use November 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.
Value Added

How to improve your chances of getting your loan request funded in todays difficult market? 

 

1. Summarize your loan request. Document your request in a complete, concise summary (no more than 1-2 pages).  Whether it is a refinance or purchase make sure the lender can quickly, within minutes, review and understand your request.  A loan summary that is easy to understand and follow will make your deal go to the top of a lender's list.  (see link on how to better prepare an executive loan summary)

 

2. Provide the necessary documentation at the right time. Have your financial statements, borrowing entity information, and property information including operating history and photos readily available to present to the lender.  However, you don't want to provide this information until after the lender has reviewed your loan summary and is interested in pursuing the loan.  The key is don't overwhelm the lender with documentation on the initial request.

 

3. Know your lenders. Relationships are key to getting deals done.  You have to know what lenders are active in your specific market and what product types the lenders are looking for.  It's a different world from just a few years ago, the lenders that you used to be making loans are not and new lenders have sprung up and unless you have the contacts and relationships the right lender is sometimes difficult to find.

 

This is where Cornerstone Commercial Mortgage help you get your loan funded.  We have the lender contacts and know how to prepare the best loan package to get the lenders attention. We will provide the necessary information to the lender in a timely manner.  We have the most important part of the equation, the lender relationship which can mean getting the loan or not. 

 

Whether it is an acquisition, a purchase and rehab of an income property, or a straight refinance, Cornerstone Commercial Mortgage is here to assist you with your personal economic strategy.  

 

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.   

 

Industry News

 

 

 

Biz Tips

Prevent intrusions before they distract you  

July 14, 2011  

by Amy Beth Miller, The Organized Executive

 

Who causes most of our interruptions? We do. Nearly half of the readers who answered our survey last month said they themselves are the most frequent source of interruptions. They start working on one thing and then switch to something else.

If that's a problem for you, try these two techniques:

  1. Clear the decks first. Before you start working on something, remove all the competing thoughts from your mind. If you're thinking "I need to call Betty about the sales flyers," call her or jot a note on your to-do list.
     
  2. Set a timer. The Pomodoro Technique has become one of the most popular time-management methods. It boils down to one simple practice: Set a timer for 25 minutes and work on one task until the timer rings. Then take a 5-minute break. After four cycles (two hours), take a longer break.

Nearly as many readers (41%) told us that people coming into their office without appointments is the most frequent interruption they encounter. Here are two more ideas for that problem:

  1. Flag availability. Create a visible signal for co-workers: a "Do not disturb" sign or a traffic light that welcomes them with green or stops them with a red signal.
     
  2. Take a hard line. Tell your team that you are serious about taking control of your time and that everyone must schedule an appointment. Don't allow any exceptions, even for people who ask for "Just a second."

We'll say this one more time: When you need to concentrate, send calls to voice mail and turn off your email and instant messaging programs. In our survey, 30% of readers blamed email and IM for interruptions, and 15% cited phone calls.

 

Among the write-in answers, two people said their boss interrupts them more than anything else. Our suggestion: Check in with your boss before you start working on a project. Ask whether the boss needs anything, and then explain that you will be concentrating on a specific task for the next hour and will check back after that.

 

Being an Organized Executive is about order and attitude. It's remaining calm amid the chaos of the workplace and maintaining your focus on what's truly important. Organized Executives never stop discovering better ways to reach their goals. They continuously learn from others, adapting great ideas and systems to their own needs. Join us on the journey at our blog.

 

 

John Lloyd
 
            John Lloyd at 702-379-3468 or
     619-293-3919  E-mail [email protected]
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Kevin Moore Pic 2008
          Kevin Moore at 619-938-3019 
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  Kevin Moore
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San Diego Office:
2356 Moore Street, Suite 201
San Diego, CA 92110 



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