06 Jan Nelson Funding Closes $2,040,000 Bridge Loan in Utah
Nelson Funding is pleased to announce the closing of a $2,040,000 bridge loan for a 28-unit multifamily building in Ogden, Utah. Nelson Funding was able to close quickly and perform when other lenders backed out. The bridge loan carried an interest rate of 8.875% at 70% ARV.
Nelson Funding is a leader in originating bridge loans in Utah. Bridge loans help borrowers close quickly and are commonly used to help stabilize a property before permanent financing is acquired. For help getting a competitive bridge loan for your multifamily property give Nelson Funding a call today. Terms can be provided in as little as 48 hours and closings within 10 days.
Nelson Funding would like to thank all of our lending and referral partners for helping this deal happen. For a free consultation on your commercial property, email firstname.lastname@example.org today.