02 Feb Closes Construction Loan in Beaverton, Oregon for $5.3m
Nelson Funding is pleased to announce the closing of a $5,290,632 loan to refinance 16 lots, one existing home, and fund vertical construction of six homes in Beaverton, Oregon. Nelson Funding secured a 77% LTC senior loan at 11% interest for our repeat borrower. The borrower was under a tight deadline to refinance before incurring high extension fees from their current lender and Nelson Funding was able to help them hit their deadline. Nelson Funding would like to thank all of our partners for helping this deal move so quickly.
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 email@example.com or visit our apply online at nelsonfunding.com/apply-now.