Closing $17.3M Construction Loan In Salt Lake City

29 Jul Closing $17.3M Construction Loan In Salt Lake City

Nelson Funding is pleased to announce the closing of a $17,351,206 construction loan for a Class A 101-unit multifamily development in Salt Lake City, UT for a repeat borrower. Nelson Funding was able to move quickly when the borrower was under a tight deadline to close. Nelson Funding is also arranging an additional $3,970,000 PACE loan expected to close within the next 30 days. 

Nelson Funding is a nationwide commercial loan broker and correspondent lender helping borrowers get the best financing for their respective projects. Nelson Funding has provided financing for over 50 projects and placed more than $200m of capital. Nelson Funding has the experience to get almost any project funded: from new construction to cash-out refinances, land development, and more. If you have a scenario you would like us to review, send us an email to loans@nelsonfunding.com or visit our webpage at nelsonfunding.com/apply-now.