Closes $6.1mm Construction Loan in Denair, California

09 Nov Closes $6.1mm Construction Loan in Denair, California

Nelson Funding is proud to announce the closing of a $6.1mm revolver to complete horizontal work on 45 lots and build out 11 homes in Denair, CA. Denair is a suburb of the Modesto area and this project will help alleviate the pent-up demand for housing. The $6.1mm revolver reflects a 72% loan-to-cost at 11% interest. Nelson Funding would like to thank all of our lending partners for making this deal happen. 

Nelson Funding is a leader in arranging financing for subdivision construction loans nationwide. Send your loan scenario to loans@nelsonfunding.com for a free consultation.