22 Jul $3,916,500 Caldwell, Idaho Single Family Horizontal and Vertical Loan
The Nelson Funding team is pleased to announce the recent closing of a $3,916,500 construction loan in Caldwell, Idaho. The loan proceeds will be used to develop 27 single family home lots and build four single family homes in Caldwell, Idaho. The loan represents a 72% LTC at an 11% interest rate. Nelson Funding was able to quickly identify a local capital partner to the Boise/Nampa market and provide a quick term sheet to help expedite development. The homes will provide much needed housing for a fast growing suburb of Boise. The local capital partner understands the nuances of the local market and was able to quickly become comfortable with the project and overcome obstacles.
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 single family construction or development loan in the growing Caldwell, Idaho 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 Caldwell, Idaho area 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.