Nelson Funding is pleased to announce the successful closing of a $10,000,000 cash-out refinance secured by a partially completed retail development project in West Haven, UT. The sponsor sought additional liquidity to complete construction, improve leasing efforts, and position the property for stabilized occupancy. Nelson Funding sourced a highly competitive 70% LTV loan with an attractive interest rate, providing the borrower with meaningful capital at a low cost.
With a focus on complex projects in transition, Nelson Funding structured a flexible lien release feature to accommodate outparcel sales and pad dispositions. This transaction showcases our ability to deliver certainty of execution and customized solutions for borrowers seeking strategic capital options across Utah.
Transaction Highlights
- $10,000,000 Utah commercial cash-out refinance
- Secured by a partially completed retail development
- Competitive 70% LTV structure
- Attractive interest rate for transitional asset financing
- Flexible lien release provisions
- Fast, reliable execution from start to close
Nelson Funding continues to provide market-leading financing for Utah bridge loans, Utah commercial loans, and Utah commercial cash-out refinance solutions. Our team also supports borrowers throughout the region with Utah hard money options and strategic Utah land loans designed for acquisition, development, and transitional assets.
📩 Contact Nelson Funding to secure high-performance capital for your next commercial project in Utah.
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.
