Pennsylvania $4,200,000 Bridge Loan Closing

office acquisition

Pennsylvania $4,200,000 Bridge Loan Closing

The team at Nelson Funding is proud to announce the recent closing of a $4,200,000 bridge loan in York, Pennsylvania. Our client used the bridge loan to finalize the acquisition of the property which is currently used for office and industrial space. The property includes over 53k of net rentable square feet in attractive and growing area of York, Pennsylvania. The subject property is unique to York as it’s a Class A property with state of the art features in a neighborhood of Class B and C properties. Our client plans on continuing the lease up of the property and stabilizing the financials. Major tenants have already signed lease agreements and have begun moving in their respective operations. Once  the property is fully stabilized, permanent financing will be arranged creating a great long-term cash-flowing asset for our client.

 

Nelson Funding is a nationwide commercial loan broker and correspondent lender helping borrowers get the best possible financing for their respective projects. Nelson Funding has provided financing for over 80 projects and placed more than $600mm of capital. Nelson Funding has the experience to get almost any project funded: from new construction to cash-out refinances, land development, and more.

 

Next time you need a quick close bridge loan in the Pennsylvania commercial real estate market, call the experienced team at Nelson Funding. Our team will happily review your commercial real estate project and quickly identify the best capital solutions for your development. If you have a scenario you would like us to review, send us an email at loans@nelsonfunding.com or visit our webpage nelsonfunding.com.

 

Nelson Funding remains committed to helping our clients secure the best financing for their Pennsylvania commercial real estate projects despite a rising interest rate environment and tightening lending standards. With Nelson Funding’s capital market relationships and highly experienced team we are still placing high leverage debt for all deal types including land development, single family construction, multifamily construction, industrial, office, retail, hospitality, special-use, cannabis and more.

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