Fast, Flexible Land Loan Secured for Presold Development — $5.5M Closed
At Nelson Funding, we pride ourselves on being a trusted resource for brokers and developers seeking creative financing solutions. We’re excited to share the successful closing of a $5,500,000 land loan for a presold residential development, demonstrating the power of strong relationships and swift execution in today’s competitive market.
This opportunity came to us through one of our favorite lending partners, who referred a highly experienced mortgage broker in need of a land loan for a promising project. The broker had initially been working with another lender, but that deal ultimately fell through. With timelines tightening, our team stepped in to find a quick and reliable alternative.
Thanks to our extensive network, we promptly identified a well-capitalized lender known for its responsiveness and flexibility. The lender expressed interest within just 12 hours of receiving the deal summary and moved quickly to issue a term sheet.
Key loan highlights:
- Loan amount: $5,500,000
- Partial lien release: Enabled the borrower to fund future phases with proceeds from early sales
- Flexible land loan terms: Customized to fit the borrower’s project timeline and needs
- Reputation and speed: The lender was ready to close within weeks of term sheet execution
This deal is a great example of how Nelson Funding delivers tailored land loan solutions for developers and brokers navigating complex projects. Whether you’re securing land for a presold development or exploring land financing for future construction, we’re here to help.
Looking for fast, flexible land loans? Contact Nelson Funding today to learn how we can help you structure the right loan for your next development.
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.
