For developers, finding an alternative to a bank loan can mean the difference between forfeiting a profitable project and getting it successfully off the ground. Where a bank may see limitations, an alternative lender, like local firm Cornerstone Capital Lending, sees an opportunity to help clients grow.
Cornerstone Capital Lending (CCL) is an asset-based, family lender with the flexibility and the real estate expertise to look at each client’s assets and project on an individual basis, without the limiting mandates of traditional bank lending.
The Cornerstone Capital team includes real estate industry experts with decades of both lending and development experience. The team understands client needs—whether that client is in the real estate industry or otherwise—and has the expertise to identify a project’s value.
CCL offers loans in the Northeast Corridor, Mid-Atlantic and DC area and provides an array of financing options, especially for projects that do not meet traditional lender standards, take a traditional bank too long to approve, are non-conventional or are in need of a quick closing.
CCL underwrites, approves, self-funds and services its loan portfolio allowing for expedited financing. Lending programs include:
- Acquisition loans
- Development and construction loans
- Small business funding
- Asset-based lending
- Equity & joint venture financing
This article originally published at http://dc.urbanturf.com/articles/blog/real_estate_industry_experts_offer_flexible_asset_based_lending/11229
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