Closes $3,343,572 Construction Loan for Five Single Family Homes in Sacramento, California

31 Jan Closes $3,343,572 Construction Loan for Five Single Family Homes in Sacramento, California

Nelson Funding is pleased to announce the closing of a 89% LTC construction loan for five single family homes in a fast-growing area of Sacramento, California.  Nelson Funding was approached by a repeat client requesting construction financing for their next development deal in Sacramento, California. Nelson Funding was able to quickly provide terms on our correspondent line at 89% loan to cost and 70% loan to completed value at 7.99% interest. The proceeds will be used to construct five spec homes in a new subdivision.

For your next deal in California, 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 Newport Beach, 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.