06 Sep Nelson Funding Arranges $6,500,000 Horizontal Land Development Loan in Cedar City Utah
Nelson Funding is pleased to announce the recent closing of a $6,500,000 horizontal land loan in Cedar City, Utah. The loan is structured as revolving line of credit allowing the developers to phase this large project. The project encompasses over 200 acres and includes 400+ single family lots. The horizontal land development will provide much needed housing to a fast growing city in Southern Utah. The Nelson Funding team was able to secure competitive financing from a credit union familiar with the Utah market.
With Nelson Funding’s local knowledge of the market and expertise of arranging Utah horizontal land loans our team was able to quickly and efficiently arrange financing for this transactions.
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.
If you have a scenario you would like us to review, send us an email at email@example.com or visit our webpage nelsonfunding.com.