12 Sep Nelson Funding Closes $724,000 Mezzanine Loan in California
Nelson Funding is proud to announce the recent closing of a $724,00 mezzanine construction loan to complete horizontal and vertical work of a 26 twin-home project in El Cajon, CA. The mezzanine piece combined with the senior debt arranged by Nelson Funding reflects a combined 91% LTC construction loan that was able to close in just a matter of weeks. The developer is now able to finish his project and provide much needed housing in the greater San Diego area.
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