28 Feb Closes $2.7m 100% LTC Bridge Loan in Chicago
Nelson Funding is proud to announce the closing of a 100% LTC $2.7m bridge loan. The loan proceeds will be used to acquire an assisted living facility in the Greater Chicago Area. The borrower wanted a loan that utilized the implied value in the property and minimized their equity contribution. Nelson Funding was able to provide a loan that provided 100% of the purchase price and over $1m of holdbacks for Capex and interest reserves.
Nelson Funding is a nationwide commercial loan broker and correspondent lender helping borrowers get the best financing for the 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 to land development and more. If you have a scenario you would like us to review, send us an email to firstname.lastname@example.org or visit our webpage at nelsonfunding.com/apply-now.