NF Closes $954k Multifamily Cash Out Refinance In Utah

31 Jan NF Closes $954k Multifamily Cash Out Refinance In Utah

Nelson Funding is pleased to announce the closing of a 75% LTV cash out refinance for two multifamily properties located in Midvale, Utah.  Our team was contacted by a repeat client requesting a 30 year fixed rate, cash-out refinance for their multifamily portfolio located in a high-growth area of Salt Lake County. The Nelson Funding team quickly identified a local lender who could provide a fully fixed 30 year product at 3.75% interest. Nelson Funding was able to negotiate a DSCR less than 1.25x and 75% LTV.

For your next deal in Utah, 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 Salt Lake City, 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 loans@nelsonfunding.com or visit our webpage nelsonfunding.com.