Closing $5,088,000 Bridge Loan in Ludlow

22 Jun Closing $5,088,000 Bridge Loan in Ludlow

Nelson Funding is pleased to announce the closing of a $5,088,000 quick-close bridge loan in Ludlow, CA. The $5,088,000 bridge loan represents a 50% LTV at a 12% interest rate. Nelson Funding was approached by a repeat referral partner with a client in need of a quick close bridge loan on collateral in rural California. Nelson Funding had to work around a number of challenges including needing to close quickly, a rural location, and collateral that mainly comprised of gas stations. The team at Nelson Funding was able to quickly identify a bridge lender who issued a term sheet in one business day.

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 $500mm 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.