Nelson Funding Arranges $1.3mm Land Development Loan

14 Jul Nelson Funding Arranges $1.3mm Land Development Loan

Nelson Funding is pleased to announce the closing of a $1,392,228 construction loan in Toole, Utah. The loan proceeds will be used to develop 17 single family lots with each lot being roughly 5 acres. The project will be phased into 2 tranches with 7 lots being completed in the first phase. The developers already have interest from buyers and expect to be sold out prior to completion.

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 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 at nelsonfunding.com/apply-now.