27 Jun Provo, UT Special Use Acquisition Loan
The Nelson Funding team is pleased to announce the recent closing of a $4,421,250 loan in Provo, Utah. The loan proceeds were used by a non-profit school to acquire the building they were using to house their school. By owning their real estate, the non-profit school will be able to save substantially on their lease expense and build equity while being able to grow their cohort of students.
Nelson Funding was engaged when the school had tried several local community banks and credit unions. Nelson Funding was able to quickly identify a regional bank with an appetite for owner-user properties. Nelson Funding was able to secure competitive terms with a 10 year fix at 3.99% over a 25 year amortization.
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 Provo, Utah 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 firstname.lastname@example.org or visit our webpage nelsonfunding.com.
Nelson Funding remains committed to helping our clients secure the best financing for their Provo, Utah 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