12 Jun $9.9mm Single Family Revolver Construction Loan
Nelson Funding is pleased to announce the recent closing of a $9.9mm construction loan facility in St. George, Utah. The $9.9mm construction loan is setup as “revolver’ allowing the builder to reuse the capital as they pay down the existing balance with home sales. The project, located in St. George, Utah, will supply 233 single family homes to the fast growing region. The team at Nelson Funding was able to source a bank with a competitive interest rate allowing the developer to keep costs under control.
Nelson Funding is an expert at arranging construction loans for land development, single family, multifamily, and commercial projects. With a wide capital base of banks, credit unions, life insurance, companies, private debt funds, hedge funds, family offices, and private investors the team at Nelson Funding has deep relationships and the ability to structure construction loans that work for our clients.
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. Nelson Funding specializes in construction funding, bridge funding, and conventional term financing products.
Nelson Funding remains committed to helping our clients secure the best financing for their respective 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.
If you have a scenario you would like us to review, send us an email at email@example.com or visit our webpage nelsonfunding.com.