Nelson Funding Closes $3,797,000 Construction Loan in Rowlett, Texas

texas construction loan

Nelson Funding Closes $3,797,000 Construction Loan in Rowlett, Texas

The Nelson Funding team is pleased to announce the recent closing of a $3,797,000 construction loan in Rowlett, Texas. The loan proceeds will be used to develop 12 townhome lots and then go vertical on all 12 townhome units. The loan represents a high leverage stretch senior loan at 10%. Nelson Funding was able to leverage a private debt fund relationship which provided a quick term sheet and great leverage to help expedite the development process. Rowlett is in a fast-growing suburb of the Dallas, Texas market. The townhomes will be available at an attractive price point to help alleviate the housing shortage in the Rowlett market.

 

Nelson Funding is a nationwide commercial loan broker and correspondent lender helping borrowers get the best possible financing for their respective projects. Nelson Funding has provided financing for over 80 projects and placed more than $600mm of capital. Nelson Funding has the experience to get almost any project funded: from new construction to cash-out refinances, land development, and more. Nelson Funding specializes in construction funding, bridge funding, and conventional term financing products.

 

Next time you need a single family construction or development loan in the growing Dallas, Texas commercial real estate market, call the experienced team at Nelson Funding. Our team will happily review your commercial real estate project and quickly identify the best capital solutions for your development. If you have a scenario you would like us to review, send us an email at loans@nelsonfunding.com or visit our webpage nelsonfunding.com.

 

Nelson Funding remains committed to helping our clients secure the best financing for their Dallas, Texas area commercial real estate projects despite a rising interest rate environment and tightening lending standards. With Nelson Funding’s capital market relationships and highly experienced team we are still placing high leverage debt for all deal types including land development, single family construction, multifamily construction, industrial, office, retail, hospitality, special-use, cannabis and more.

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