Closes $850,000 Cash Out Refinance in Salt Lake City

07 Dec Closes $850,000 Cash Out Refinance in Salt Lake City

Nelson Funding is pleased to announce the closing of an $850,000 cash-out refinance in Salt Lake City, UT for a repeat borrower. Nelson Funding was able to secure a low rate of 3.88% for a 12-unit multifamily property. The property didn’t qualify for agency financing and required a low DSCR check.

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 $300mm 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 loans@nelsonfunding.com or visit our webpage at nelsonfunding.com/apply-now.