Closes $1,080,000 Hotel Bridge Loan in Salt Lake City

27 Aug Closes $1,080,000 Hotel Bridge Loan in Salt Lake City

Nelson Funding is pleased to announce the closing of a $1,080,000 hotel bridge loan in Salt Lake City, Utah. The borrower was under a tight timeframe to close as their existing mortgage was maturing. Nelson Funding was able to secure verbal approval from a trusted lending partner in less than 12 hours. Due diligence was completed quickly and the borrowers were able to refinance their mortgage in plenty of time. 

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 55 projects and placed more than $220m 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.