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Senior Assisted Living Facility funded for 7.3mm

Cobblestone recently funded a 7.3mm Senior Living Facility in Highland, NY. Terms of the loan were at a 5% fixed interest rate for 35 years. ... (Read More)



Cobblestone Launches www.BusinessWCL.com Website

Cobblestone has launched a dedicated website for Business Working Capital Loans.... (Read More)



2 Multifamily Units funded - LA County, CA

Cobblestone Financial Group has funded 2 multifamily units in Los Angeles, CA. A 8 unit for $1.9mm and a 7 unit for 1.6mm, both of which were refinanced off matured construction... (Read More)



Cobblestone funds USDA Guaranteed Commercial Real Estate Loan

Cobblestone financial group has funded its first USDA Guaranteed Commercial Real Estate loan for an $800,000 cash out refinance of a medical office building in Mexico, NY.... (Read More)



Business Working Capital Loan Program Launched

Cobblestone now offers a Business Working Capital Loan ( BWCL ) geared toward any small business looking to purchase new equipment, stock up on inventory, increase working... (Read More)



Cobblestone Launches New Website

Cobblestone launches new website with recently funded transactions, biographies, news, partnerships, affiliations and more! Check out why numerous Banks refer business to... (Read More)



$24,000,000 Condotel Construction project funded.

Cobblestone participates in arranging financing for a 3 bank participation CondoTel project for a resort in Central New York. ... (Read More)

More News...

Fixed Rate Lending Program

Interest Only, Interest Deferred Option

Project Type: Acquisition, Development, Construction, Merger, Capital Restructure

Asset Class: Multifamily, Hotel & Hospitality, Shopping Malls / Retail, Office Buildings, Transportation, Energy, Manufacturing, Technology, Hospitals, Media and others on a case by case basis.

Project Size: 2 million Minimum with No Maximum

Interest Rate: 5.75% - 8.50% fixed depending on strength of transaction.

Recourse: Non-Recourse, No personal guarantees required.

Sponsor Capital: Contribution 5% of total project cost, proof of funds required at application, cash contribution only. No exceptions.

Terms: 3, 5,7,10 years, Interest only, with renewal options. Deferred Interest option also available up to 2 years.

Equity Position: Lender will take equity position from 10% to 40% project specific. Borrower may buy out lenders equity at any time.

Funding Timelines: Outlined in Funding Contract:
Less than 20 mm 60 Days
21mm to 50 mm 90 Days
Over 50mm 120 Days

Lender Fees: No Lender Points or Lender Origination Fees.

Please fill out the form below:

First Name:
Last Name:

Business Name:

City:

State:
Zip:

Email:
Business Phone:

Property Type:
Loan Amount:

    

OR CALL DIRECTLY

M. Lyndon Matteson III - President & CEO
585-223-1003 Office
585-738-4181 Cell
   

Recent Deals Funded

Highland, NY
$7,300,000.00

Senior Assisted Living Facility with 90 beds with a fixed rate of 5% for 35 years. (continued...)
Elmira, NY
2/8/2010
$4,300,000.00

Single Tenant Retail Facility in Elmira, NY (continued...)

 
Rochester, New York
$2,200,000.00

Cash out refinance of a mixed use building in the city of Rochester. (continued...)
Rochester, New York
11/25/2008
$1,120,000.00

40 Unit multifamily purchase located in Rochester, NY by out of area investor. (continued...)

View More Deals 
 

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