Closes $850k Land Development Loan In Riverton, Utah

18 Aug Closes $850k Land Development Loan In Riverton, Utah

Nelson Funding is pleased to announce the closing of an $850,525 land development loan in Riverton, Utah. The loan will be used to develop three single-family luxury lots in a very desirable area of Riverton. The loan will also be used to renovate an existing single-family home on the property. Nelson Funding secured a 65% LTC loan at 4.5% interest. Nelson Funding was able to get approval from our lending partner in just 5 business days for our client. 

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.