31 Jan Closes $12.5 Million Land Acquisition and Development Loan In Idaho
Nelson Funding is pleased to announce the closing of a 42% LTV land acquisition and development loan in Mayfield, Idaho. The Nelson Funding was contacted by a broker who has successfully closed multiple previous deals with our team. The repeat broker had a client who was under contract to purchase a large land development in Idaho and needed to close as soon as possible due to their purchase contract expiring in five days. The borrower had been working with another lender who decided at the last minute to withdraw their term sheet and void their closing. Nelson Funding quickly identified a local private lender who had the ability to close in five days. With low leverage at 42% LTV and permits and approvals in hand from the planning commission, Nelson Funding’s private lender immediately set up a site visit and closing the same week.
For your next deal in Idaho, let our team at Nelson Funding provide various financing options to help maximize your returns. Our team can guide you through the financing process and make it easy for you to focus on your business. With a team conveniently located in Boise, we have the market experience and knowledge to provide our clients the best financing terms possible.
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 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. 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.