24 Sep Nelson Funding Closes $5,870,420 Construction Loan in Bend, Oregon
Nelson Funding is proud to announce the closing of a $5,870,420 construction loan for a 43-unit townhouse development in Bend, Oregon. The $5.8m senior construction loan was structured as a revolver allowing the developer to save on upfront origination fees. The interest rate is 10% with only a three month pre-payment penalty.
Nelson Funding is a leader in construction finance and lot development deals with the ability to structure 100% LTC financing for deals that don’t exceed 70% of completed value. Contact firstname.lastname@example.org for a free consultation today.