Nelson Funding is proud to announce the successful closing of an $11,000,000 cash out refinance for a mixed-use commercial property located in Westlake, Ohio. This transaction showcases Nelson Funding’s expertise in structuring creative financing solutions and highlights the strength of working with a trusted commercial loan broker in today’s competitive market.
The refinance provided the borrower with significant liquidity, including $2 million in cash out proceeds designated for renovations and capital improvements. The deal was structured at a conservative 58% loan-to-value (LTV), allowing for favorable terms and a streamlined approval process.
Deal Highlights:
- Loan Amount: $11,000,000
- Cash Out for Renovations: $2,000,000
- Loan-to-Value (LTV): 58%
- Turnaround: Fast approval with certainty of execution
Nelson Funding worked closely with the borrower to secure a commercial real estate loan that not only met their immediate capital needs but also positioned the property for long-term value growth. The speed and certainty of execution were critical to the borrower, who needed funds in hand to begin planned renovations without delay.
Your Partner in Commercial Real Estate Lending
As a leading commercial loan broker, Nelson Funding is committed to delivering tailored financing solutions that meet the unique needs of property owners and investors nationwide. Whether you’re pursuing a cash out refinance for commercial property, acquisition financing, or ground-up development loans, our team ensures you get the best terms with the fastest turnaround.
This Westlake closing is another example of how Nelson Funding adds value through deep market knowledge, lender relationships, and a hands-on approach to every transaction.
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.
