Nelson Funding Multifamily Construction Loans
Multifamily Construction Loans General Overview of Terms:
- 90% Loan to Cost
- 70% Loan to completed value
- 30 Day Average Close Time
- 7.99-8.99%
- 2.5-3 points
- Eligible property types: land, single-family homes, multifamily homes
- Purpose: Construction
Multifamily Construction Loans: Nelson Funding is now able to provide our clients multifamily construction loans via a new correspondent relationship with a national lender. Rates will vary between 7.99-8.99% with 2.5-3 points with 90% loan to cost up to 70% of completed value. This product is available for many uses including multifamily development, land development, subdivision development, and more.
Land Development: If you are a land developer transforming raw land into papered lots or even completed lots our funding is available for you. With the ability to fund in almost every state, Nelson Funding can provide reliable high leverage financing.
Subdivision Development: If you’re a home builder focused on building a for-sale single-family or multifamily home our financing can help provide you with high leverage construction financing with little limitations.
About US:
Nelson Funding is a leader in providing multifamily construction loans, land development loans, single family construction loans, and development loans throughout the country. Nelson Funding has creative solutions including a correspondent line allowing our clients to get leverage as high as 90% LTC with rates at 7-9%. Our team will work around the clock to get a deal funded and will go the extra mile to secure the best terms possible.
Nelson Funding is a highly experienced nationwide commercial loan broker and correspondent lender helping borrowers get the best financing for their respective projects. Nelson Funding has provided financing for over 75 projects and placed more than $500mm 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
