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29 Oct California Land Development Loan
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 in the Lake Elsinore market which will be developed into single family homes which greatly needs additional single family home inventory.
Nelson Funding is a leader in providing financing for land development, subdivision development, and multifamily construction loans throughout the inland empire and California. Nelson Funding has creative solutions including a correspondent line allowing our clients to get leverage as high as 90% LTC with rates at 7-9%. Our team will work around the clock to get a deal funded and will go the extra mile to secure the best terms possible.
Whether you are developing land or taking a project vertical, Nelson Funding has financing options to fit your project. On select deals, we also have the ability to structure a LP equity or mezzanine debt opportunity. With a team conveniently located in Newport Beach, we have the market experience and knowledge to provide our clients the best financing terms possible.
For your next deal in California, let our team provide various financing options to help maximize your profits. Our team can guide you through the financing process and make it easy for you to focus on your business.
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 75 projects and placed more than $500mm 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 at loans@nelsonfunding.com or visit our webpage at nelsonfunding.com/apply-now.
