24 Aug Nelson Funding Closes $11.8mm SFR Loan
Nelson Funding is pleased to announce the closing of a $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) 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 firstname.lastname@example.org or visit our webpage at nelsonfunding.com/apply-now.