Closing $1,488,400 Construction Loan in Marysvale

15 Jun Closing $1,488,400 Construction Loan in Marysvale

Nelson Funding is proud to announce the closing of a $1,488,400 construction loan in Marysvale, Utah. The loan represents a 60% LTC at a 5.0% rate during construction. The loan proceeds will be used to construct a new RV Park. Once completed, the note has the option to convert to long-term financing at a 4.25% interest rate over a 25-year amortization with a 10-year fix. Nelson Funding would like to thank our funding partners for making this a successful closing!

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, land development, and more. If you have a scenario you would like us to review, send us an email at loans@nelsonfunding.com or visit our webpage at nelsonfunding.com/apply-now.