$1,100,000 Loan Closing In Ogden, Utah

Ogden Multifamily Loans

$1,100,000 Loan Closing In Ogden, Utah

Nelson Funding is pleased to announce the recent closing of a $1,100,000 multifamily loan in Ogden, Utah. The team at Nelson Funding was approached by a repeat client who was under contract to acquire an eight unit value-add multifamily property. Nelson Funding quickly identified a strong local credit union who provided attractive terms at 75% leverage at Prime + .75%.  The financing was approved quickly and the closing was arranged shortly thereafter. The property had a stabilized existing occupancy and the sponsors planned on completing minor improvements as leases rolled over.

 

Nelson Funding is a nationwide commercial loan broker and correspondent lender helping borrowers get the best possible financing for their respective projects. Nelson Funding has provided financing for over 80 projects and placed more than $600mm of capital. Nelson Funding has the experience to get almost any project funded: from new construction to cash-out refinances, land development, and more.

 

Next time you need a competitive multifamily loan in the Ogden, Utah commercial real estate market, call the experienced team at Nelson Funding. Our team will happily review your commercial real estate project and quickly identify the best capital solutions for your respective scenario. If you have a deal you would like us to review, send us an email at loans@nelsonfunding.com or visit our webpage nelsonfunding.com.

 

Nelson Funding remains committed to helping our clients secure the best financing for their Ogden, Utah commercial real estate projects despite a rising interest rate environment and tightening lending standards. With Nelson Funding’s capital market relationships and highly experienced team we are still placing high leverage debt for all deal types including land development, single family construction, multifamily construction, industrial, office, retail, hospitality, special-use, cannabis and more.

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