24 Aug Nelson Funding Closes $11.8mm SFR Loan
Nelson Funding is pleased to announce the closing of an $11,894,113 construction loan to provide horizontal and vertical financing for 18 new homes in Sacramento, California. The loan is structured in two phases: 1) to complete horizontal improvements and 2) to begin vertical construction of 18 single-family residences. Our client requested a blend of high leverage, flexible terms, and ease of closing. Nelson Funding brought in a reliable capital partner who is familiar with the local market and provided terms quickly. The 18 single-family homes will help satisfy the current lack of housing in the Sacramento market.
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 email@example.com or visit our webpage at nelsonfunding.com/apply-now.