FOR IMMEDIATE RELEASE:
St. Louis, Missouri (September 27, 2011) – Cornerstone Mortgage, Inc. recently closed on the acquisition of the 23,000 square foot building formerly known as the Westbridge Bank Building, located at Highway 40 and Boones Crossing in Chesterfield. Originally constructed five years ago by the now-defunct Westbridge Bank, the building fell into foreclosure in August and was purchased from Reliance Bank. Tom Bajardi, CCIM, SIOR, of Sansone Group represented Cornerstone Mortgage in the acquisition.
Cornerstone Mortgage, who is currently headquartered in a 5,600 square foot building they own at 11255 Olive, purchased the building to accommodate their rapidly growing mortgage business. Cornerstone will occupy the entire first floor of the building, containing approximately 10,000 square feet, when it relocates in November.
In 2010, Tom Bajardi of Sansone Group represented Cornerstone in the acquisition of a 17,000 square foot building at Highway 94 and Wolfrum Road in St. Charles, now known as Cornerstone Crossing. It will soon be home to a Cornerstone branch office in the 1st quarter of 2012.
About Cornerstone Mortgage, Inc.:
Cornerstone Mortgage, Inc. has been in operation since 1995 and was founded by Jim Dean (President/CEO) and Angi Stevenson (Senior Vice President/COO). Cornerstone Mortgage, Inc. is currently licensed in five (5) states and has over 165 employees, with 14 locations and is rapidly growing. Jim Dean (President/CEO) was named one of the 100 Most Influential Mortgage Executives in America by Mortgage Executive Magazine in 2013 and 2014. Cornerstone Mortgage, Inc. is an A+ accredited lender with the Better Business Bureau and continues to have an outstanding reputation. In 2013, Cornerstone Mortgage, Inc. became the #1 largest lender in Missouri to have approvals from all three agencies: Freddie Mac, Ginnie Mae, and Fannie Mae. Cornerstone Mortgage, Inc. was named a Top 100 Mortgage Company in America by Mortgage Executive Magazine. The company was listed as one of the top-producing mortgage lenders in the country by Scotsman Guide. Angi Stevenson (Senior Vice President/COO) and Cornerstone were featured in Forbes Magazine in 2013. Revenues at Cornerstone have grown to exceed $26 million dollars annually, with closed loan production surpassing $900 million annually. Cornerstone is a ProLoan approved lender. Cornerstone has been featured on the fastest growing privately-held companies in America list by INC. 500/5000 for four (4) years in a row. Regionally, the company has been the #1 fastest growing mortgage banker in Missouri for the last five (5) years and is currently the 17th fastest growing privately-held company in the St. Louis region. The company is currently the 2nd largest privately-held mortgage banker in Missouri. Cornerstone is also a Top 2 USDA lender in Missouri. Processing, underwriting, and closing are completed locally by Cornerstone.
For More Information, Contact:
Jim Dean, President
Cornerstone Mortgage, Inc.
17280 N Outer 40 Rd., Suite 100
Chesterfield, MO 63005