06 Jan Nelson Funding Arranges $3,000,000 Land Bridge Loan in Ripon, CA
We are pleased to announce the recent closing of a $3,000,000 land bridge loan in Ripon, California. Our team was approached by a repeat referral partner who had a real estate developer client needing additional time to finalize a sales contract with a major national home builder. Our team immediately got to work to identify a local California private money lender who is comfortable with land as collateral. Our team quickly procured a term sheet with a competitive rate and term. The loan amount represents a 50% loan to value at a competitive rate at 11.25%. The deal was fast tracked and was able to be fully approved in just a matter of weeks.
Nelson Funding is an expert at arranging construction loans for land development, single family, multifamily, and commercial projects. With a wide capital base of banks, credit unions, life insurance, companies, private debt funds, hedge funds, family offices, and private investors the team at Nelson Funding has deep relationships and the ability to structure construction loans that work for our clients.
Nelson Funding is a nationwide commercial loan broker and correspondent lender helping borrowers get the best possible financing for their respective projects. Nelson Funding has provided financing for over 80 projects and placed more than $600mm of capital. Nelson Funding has the experience to get almost any project funded: from new construction to cash-out refinances, land development, and more. Nelson Funding specializes in construction funding, bridge funding, and conventional term financing products.
Nelson Funding remains committed to helping our clients secure the best financing for their respective commercial real estate projects despite a rising interest rate environment and tightening lending standards. With Nelson Funding’s capital market relationships and highly experienced team we are still placing high leverage debt for all deal types including land development, single family construction, multifamily construction, industrial, office, retail, hospitality, special-use, cannabis and more.
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