We’re excited to announce a recent closing for a $2,030,000 land loan to refinance a future multifamily site in the heart of Salt Lake City. This successful transaction highlights our team’s expertise in securing competitive financing for commercial real estate projects.
Securing the Right Land Loan
Land loans are a crucial financial tool for developers. Unlike traditional construction loans, a land loan specifically provides capital for acquiring or refinancing a plot of land. This gives the developer the necessary time and flexibility to plan a project before breaking ground. In this case, our client was able to secure bank financing that provides them with ample time to determine the best multifamily product for the site.
Why Choose Us for Your Land Loan Needs?
Our team is dedicated to working with incredible developers and capital partners to provide tailored financing solutions. Whether you’re acquiring new land or refinancing an existing site, we can help you navigate the complexities of securing a land loan with favorable terms.
For all your commercial real estate financing needs, contact our team at lo***@***********ng.com or 801-845-0092.
About Us:
Nelson Funding is a nationwide commercial loan broker and direct 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. Nelson Funding specializes in construction funding, bridge funding, and conventional term financing products.
Nelson Funding remains committed to helping our clients secure the best financing for their respective 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.
