Closes $4,650,000 Bridge Loan In Ogden, Utah

28 Feb Closes $4,650,000 Bridge Loan In Ogden, Utah

Nelson Funding is proud to announce the closing of a $4,650,000 bridge loan in Ogden, UT for a repeat borrower. The borrower needed to close quickly and required a 12-month term to stabilize the 50 unit multifamily property before securing permanent financing. Nelson Funding was able to provide a 70% loan to stabilized value at 87% LTC. The borrower was able to close in just 21 days. 

Nelson Funding is a nationwide commercial loan broker and correspondent lender helping borrowers get the best financing for the respective projects. Nelson Funding has provided financing for over 50 projects and placed more than $200m 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.