We are thrilled to announce the successful closing of a luxury spec construction loan in Hurricane, Utah. This exciting new project represents a unique opportunity in the high-end real estate market, as we support the development of an ultra-luxury 9,200 square-foot home. With a total loan amount of $4,000,000, this project highlights the growing demand for luxury living in Utah’s most sought-after areas.
This loan was structured as a 65% Loan-to-Cost (LTC) facility, ensuring that the borrower receives the necessary financial backing to construct this exceptional home, while still maintaining a healthy level of equity in the project. With competitive interest rates and flexible loan terms, this private money lending solution offers an ideal option for builders and developers looking to finance luxury construction in Utah’s expanding real estate market.
As a leader in Utah construction lending, we understand the nuances of financing high-end projects, and this loan is a perfect example of how we cater to the needs of those building luxury spec homes. We pride ourselves on offering flexible terms that can adapt to the unique requirements of luxury spec lending, ensuring that borrowers can secure the capital they need without sacrificing control over their projects.
Our private money lending platform provides a streamlined process with faster approval times, enabling developers to quickly move forward with construction. The success of this loan in Hurricane, Utah, speaks to our commitment to providing specialized financial solutions that align with the needs of the luxury real estate market. With our deep understanding of Utah’s market dynamics, we are excited to continue supporting projects that elevate the standard of luxury living in the region.
We look forward to watching this stunning home come to life, and we remain dedicated to helping developers in Utah secure the funding they need for future luxury construction projects. If you are considering a luxury spec development in Utah, reach out to us today to explore our lending options.
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.
