Closing $1,268,465 Construction Loan In Payson

Nelson Funding Closes Construction Loan In Payson, Utah

Closing $1,268,465 Construction Loan In Payson

Nelson Funding is pleased to announce the closing of a $1,268,465 construction loan in Payson, Utah. The funding represents a 78% LTC at 5.00% interest.  The loan proceeds will be used to build a mixed-use building with retail space on the main floor with apartments above. Nelson Funding also provided our client the opportunity to convert their construction loan into a permanent mortgage at 3.75% interest. Nelson Funding would like to thank our capital partners for making this a quick and easy process for our client.

 

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 $300mm of capital. Nelson Funding has the experience to get almost any project funded: from new construction to cash-out refinances, to land development, and more. If you have a scenario you would like us to review, send us an email to loans@nelsonfunding.com or visit our webpage at nelsonfunding.com/apply-now.

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