Nelson Funding Multifamily Construction Loans Multifamily Construction Loans General Overview of Terms: 90% Loan to Cost 70% Loan to completed value 30 Day Average Close Time 7.99-8.99% 2.5-3 points Eligible property types: land, single-family homes, multifamily homes Purpose: Construction Multifamily Construction Loans: Nelson Funding is now able...
Utah Commercial Real Estate Loans: Nelson Funding is pleased to announce the closing of a $1,925,000 loan to purchase a warehouse loan in Salt Lake City, UT. The loan represents a 70% LTV mortgage with a 15-year term. The borrower plans to hold the property...
California Land Development Loans: Nelson Funding is pleased to announce the closing of a $1,570,000 development loan in Lake Elsinore, CA. The loan represents a 54% LTV mortgage with an initial 12 month term. Loan proceeds will be used to acquire 90 acres of land...
Nelson Funding is pleased to announce the closing of a $2,400,000 loan in Mount Vernon, NY. The proceeds are used to provide a 25 year term loan to allow the church to have manageable payments while caring for their congregation. The loan represents a 65%...
Nelson Funding is proud to announce the recent closing of a $9,100,000 refinance in Heber City, Utah. Our client had completed the first phase of a large condo hotel development and needed to refinance their current lender. Nelson Funding was able to arrange a bridge...
Nelson Funding is pleased to announce the closing of an $11,894,113 construction loan to provide horizontal and vertical financing for 18 new homes in Sacramento, California. The loan is structured in two phases: 1) to complete horizontal improvements and 2) to begin vertical construction of...
Nelson Funding is pleased to announce the closing of a $4,000,000 cash out refinance in Sandy, UT. Nelson Funding was approached by another broker who had a client needing to close immediately on a cash out refinance. The proceeds were being used to acquire another...
Nelson Funding is pleased to announce the closing of a $1,392,228 construction loan in Toole, Utah. The loan proceeds will be used to develop 17 single family lots with each lot being roughly 5 acres. The project will be phased into 2 tranches with 7...
Nelson Funding is pleased to announce the closing of a $5,088,000 quick-close bridge loan in Ludlow, CA. The $5,088,000 bridge loan represents a 50% LTV at a 12% interest rate. Nelson Funding was approached by a repeat referral partner with a client in need of...
Nelson Funding is happy to announce the closing of a $3,500,000 rate and term refinance in Las Vegas, NV. Nelson Funding was able to secure a low rate of 4% with a 10-year term over a 20-year amortization. The deal provided a number of challenges...
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