Closing Refinance and Construction Loan In Moab

25 May Closing Refinance and Construction Loan In Moab

Nelson Funding is pleased to announce the closing of a refinance and construction loan for a multifamily property in Moab, UT. The loan proceeds will go towards building a new multifamily building which will provide market-rate units for the local population. Nelson Funding was able to secure financing at 5.25% interest at 75% LTV along with an option to convert to lower cost to capital option at stabilization.

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 $300mm 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.