02 Apr 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 firstname.lastname@example.org or visit our webpage at nelsonfunding.com/apply-now.