When you have a deal that needs to get done, whether it’s new construction, a hospitality loan, a fix-n-flip, purchase of an existing building, or another commercial property transaction, you need a reliable source of funding. That makes all the difference to the success of your deal. A lack of funding, or even more frustrating, financing that is lined up and stalled for one or more reasons, can put the brakes on a project on which you’ve spent a great amount of time and resources. Nelson Funding offers a fresh perspective on commercial property loans due to our experience and connection to a wide network of lenders. Take a look at the range of commercial loans you can apply for with us:
Nelson Funding: Your Go-to Commercial Property Loan Resource
Our clients can’t say enough good things about their experiences with Nelson Funding. They have pursued thousands of deals in Utah and beyond, with financing from our network of lenders. Some of them had urgent funding needs. For example, a client wanted to buy a prime facility because it fit their needs and suddenly came on the market. There was no time to wait for a local bank to decide if it would provide a loan; the opportunity would have been missed. Nelson Funding worked with this client to provide a bridge loan that closed fast – within 10 days. You can do the same with financing from Nelson Funding.
Close More Commercial Property Deals in Utah with Nelson Funding
With so many cities in Utah enjoying booming economies, you may wish to take advantage of commercial property deals in multiple areas of the state. One such opportunity would be buying or fixing & flipping multifamily housing in Salt Lake City. Since Salt Lake City’s multifamily market is strong, buying there makes sense. You’ve done your homework; you’ve identified some terrific target properties in Salt Lake City. What you need next is funding you can count on to close these deals. Whether you’re looking for a hard money loan or loan options for a conventional mortgage (or both), our commercial loan experts can help you figure out the best path forward. Where your bank may not be willing to step up, we often can put together the financing you need, quickly. That’s because we know these markets well, and we’ve already closed many similar deals, so we know which of our lenders to approach for these loans. This knowledge makes it much faster and easier for you to receive financing and move on with your plans.
Call Us When You Need Capital Now
What if you have your plans set on acquiring a hotel in Utah? With all the tourist opportunities here, it could be a good investment. So, you narrow your targets down to several in the Provo area. You want to close the loan fast, so you can open the hotel quickly, in time to host a big convention that’s coming to the city. You have the entire project outlined and you are ready to make it happen, then your financing gets delayed with your financial institution. You don’t have time to unravel all the issues with this; you need capital now. Nelson Funding handles situations like this and can in many cases provide the financing you need to move quickly with a hospitality property deal.
Commercial Lending Parameters
Once you are ready to apply for your commercial loan, it is important to keep in mind the following lending parameters when working with Nelson Funding. Loan amounts range from $1,000,000 to $250,000,000+ at an interest rate of 4.99%-9.99%. The origination fee is 2-4 points, term length can range from 6-36 months, and the time to close is 1-3 weeks.
Situations we finance include:
Eligible property types for a commercial loan include:
Before we provide you with the funding you need to start your project in Utah, you will need to provide our team with the following items to receive terms:
Offer Your Commercial Lending Services to Our Network in Utah
Perhaps you would be interested in partnering with our Commercial Lending Company in Utah to access our wide network of clients. We work with investors, private lenders, and direct lenders. Talk to our team about potential investment opportunities with Nelson Funding today!
The Nelson Funding Advantage
Nelson Funding closes commercial property deals in Utah and across the globe every day; our momentum comes from our knowledge and experience – we know the markets and we know our lenders. That’s a big advantage for you.
Contact Nelson Funding & Apply for a Commercial Loan in Utah
Get in touch with Nelson Funding today to discuss commercial lending opportunities. Call 573-246-7087 or contact us online and don’t let another Utah commercial property deal get away. The process to get started will include filling out our convenient online application and submitting any necessary documents for the loan. Our helpful loan officers will remain available to answer your questions and ensure your application is correct. After receiving all of the documents, our lenders will issue terms quickly – usually within 2-4 days. From there we will complete due diligence and close your deal within 10-30 days!
* Not all deals will qualify. For deals outside the listed parameters please reference the General Lending Parameters page.