11 Jul $2,300,000 Bryce Canyon Land Loan Closing
Nelson Funding is pleased to announce the closing of a $2,300,000 land bridge loan in Bryce, Utah. The bridge loan proceeds will be used to pay off a partner while the property continues to be developed. The property represents 10 acres which is currently being developed into commercial lots for future hospitality development. The sponsor is well capitalized and has developed several comparable projects in the same market. Nelson Funding was able to secure a 59% LTV loan at 11% interest for a 12-month bridge loan.
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 commercial real estate financing in the 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 development. If you have a scenario you would like us to review, send us an email at firstname.lastname@example.org or visit our webpage nelsonfunding.com.
Nelson Funding remains committed to helping our clients secure the best financing for their 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.