our services
Cornerstone Capital of NY offers borrowers the widest possible variety of loan products and can execute transactions quickly and seamlessly by leveraging our broad resources and vast experience.
Our firm’s track record and long-standing relationships in the lending community allow us to provide clients access to the most diverse universe of financing alternatives, and a broad array of highly competitive loan terms and structures.
Our solutions free our borrowers to concentrate on the acquisition, renovation, marketing, and care of the property itself. Cornerstone Capital of NY offers bridge, mezzanine, and preferred equity financing. We also fund and place permanent real estate loans for our clients.
properties
Commercial
Cornerstone Capital of NY provides customized Commercial Real Estate Loans for commercial investors in NYC, Long Island, Westchester, and Nationwide. Whether you need to refinance an existing commercial property or you need acquisition financing, we can help you structure the commercial real estate loan that best suits the project.
MULTI-FAMILY
Transactions involve all types of multi-family properties, from those with only a few units to large multi-building complexes with hundreds or thousands of units. We have arranged millions of dollars worth of financing utilizing our direct access network of lenders. We offer borrowers the widest variety of products and are able to consummate transactions with the greatest possible efficiency.
MIXED-USE PROPERTIES
. Although mixed-use properties are appealing to owners because of the commercial income that they generate, Lenders are often uneasy if too high a percentage of a property's total income is generated by the commercial rather than the residential component. Cornerstone Capital of NY will analyze your mixed-use property transaction and help you position it to maximize its appeal to the widest possible target group of lenders.
office/retail space
Cornerstone Capital of NY, has great presence in the Office Space / Retail Space. Office properties offers significant value to owners, this is why Cornerstone Capital of NY has a renowned relationship specifically targeted towards lenders looking to add growth to their portfolio with Office and Retail space.
warehouse + self storage
Cornerstone Capital of NY understands the Industrial markets from the broad array of flex and logistics properties, including the acquisition, repositioning, and refinancing of existing facilities.
healthcare facilities
Cornerstone Capital can quickly analyze and secure financing for independent/assisted living facilities and other senior housing assets throughout the Southwest and the entire country. Even in today’s evolving market, we can negotiate highly favorable rates and structures, and successfully close even your most challenging transactions.
loan products
CONVENTIONAL
Conventional commercial loans are similar to what you’d get when purchasing a single-family home, but often with shorter terms.
A large portion of commercial real estate investors still purchase property using traditional, fixed-rate mortgages.
Lenders typically require a 25% down payment (minimum) in exchange for a fixed-rate mortgage ranging from 5 to 30 years.
INSTITUTIONAL
Institutional lenders such as life insurance companies and Wall Street conduit lenders offer various financing options for commercial real estate ventures.
In tight economic circumstances, those wanting to invest in Commercial Real Estate properties should carefully study the available options to make wise decisions for themselves. Our advisors can help analyze your unique circumstances to help you make the best decision.
MEZZANINE/PRIVATE
Mezzanine financing is often used to fill the “middle” of a capital stack. It can be structured in a number of ways, with both debt and equity. Cornerstone can advise and help facilitate loans from private investors purchasing mortgages as a means of accessing the underlying real estate as well as those purchasing loans for investment purposes.
fannie mae
Fannie Mae is a government-sponsored enterprise (GSE) created by Congress. Fannie Mae doesn't originate or give out mortgages to homeowners looking for funding, but it does buy and guarantee mortgages through the secondary mortgage market.
freddie mac
Freddie Mac does allow low down payments. Borrowers can purchase with as little as 5% down with a standard conventional loan. Those who need a smaller down payment may qualify for Freddie Mac’s Home Possible program, which only requires 3% down. This program is available to those with low-to-moderate incomes. Borrower who puts down less than 20% may have to pay mortgage insurance. Typically, Freddie Mac requires a minimum credit score of 620.
fha
An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. FHA insured loans are a type of federal assistance.
construction
Construction loans are shorter term, higher interest rate mortgages that cover the cost of building or rehabilitating a house. The lender pays a construction loan to the contractor — not the borrower — in installments as building milestones are achieved. Once building is complete, home construction loans are either converted to permanent mortgages or paid in full. Our relationship with construction lenders gives you a competitive advantage.
conduit lending
A CMBS Loan, also known as Conduit Loan, is a type of commercial real estate loan that is secured by a first-position mortgage on a commercial property. These loans are packaged and sold by Conduit Lenders, commercial banks, investment banks, or syndicates of banks. A CMBS Program that provides Conduit financing for acquisitions or refinancing of all types of commercial properties nationwide.
portfolio/agency lending
Mortgages offered by portfolio lenders are typically more favorable to property investors. Usually, they do not restrict the number of properties an investor can purchase. They also don’t require a property to be in a particular condition to offer finance.
sba
The Small Business Administration Loan is used for property and business acquisition, construction, leasehold improvements, working capital, equipment leasing or purchase, and inventory. It can be tough to get a loan from the SBA due to tight lending standards, but with the help of Cornerstone Capital of NY, you can maximize your chances!
Professionals that Occupy a Property with 51% of more of their business can use an SBA loan to purchase the property.
Contact your advisor for more information as guidelines change on a monthly basis.
