Nelson Funding Closes $11.76M Construction Loan for Major Townhome Development in Cedar City, UT
Cedar City, UT – Nelson Funding is proud to announce the successful closing of an $11,763,568 construction loan for a large-scale townhome development project in Cedar City, Utah. This strategic financing marks a significant milestone in the city’s growing housing market and will support the first phase of a planned 330-unit townhome community.
The loan proceeds will be used to refinance an existing land loan, provide cash out for horizontal site work, and fund vertical construction for the initial development phase. With a 70% loan-to-cost (LTC) and 50% loan-to-value (LTV), the financing structure reflects both a strong borrower profile and robust project fundamentals.
Cedar City is experiencing rapid growth, driven by its appealing lifestyle, expanding job market, and increasing demand for affordable housing options. This project will help meet that demand by introducing a significant number of quality-built townhomes in a strategically located area of the city.
Nelson Funding is widely recognized as a leader in commercial real estate finance and construction lending for homebuilders throughout Utah. With deep market expertise, a strong lender network, and a client-first approach, Nelson Funding consistently delivers tailored capital solutions that drive successful outcomes. From acquisition and development loans to ground-up construction financing, the firm supports builders at every stage of their projects.
“This transaction demonstrates Nelson Funding’s ability to structure complex financing solutions that address both short-term construction needs and long-term project goals,” said a company representative. “We’re excited to be part of Cedar City’s growth and support housing development that serves the needs of the community.”
Nelson Funding continues to be a trusted partner for real estate investors and developers nationwide, offering a full suite of debt and equity financing solutions. With a proven track record in construction lending and development financing, the firm is well-equipped to handle projects of any size and complexity.
For more information about Nelson Funding’s services or to inquire about your next project, visit www.nelsonfunding.com.
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.
