Nelson Funding recently closed a $1,135,000 bridge loan secured by an office/retail asset, the Heber Sawmill project, in Heber, Utah. From approval to funding took just five days.
We took a process that usually runs several weeks and finished it in one. We underwrote the asset, moved on our own private capital, and got the sponsor to closing before a hard deadline could pass. Heber City is one of Utah’s fastest-growing communities, anchored by a busy Main Street and steady commercial demand from the Wasatch Back, and when a time-sensitive opportunity comes up, a slow bank approval can kill it.
Transaction Highlights
- Loan Amount: $1,135,000
- Property Type: Office / retail (Heber Sawmill)
- Location: Heber, UT (Wasatch County)
- Loan Purpose: Bridge financing
- Timeline: 5 days, approval to close
“When a borrower says they need to close in days, not weeks, we deliver,” said Dylan Nelson, Founder and President of Nelson Funding. “Funding this office/retail bridge in five days is exactly why sponsors come to us when speed is the deciding factor.”
Need to close fast? Contact Nelson Funding at 801-845-0092 or 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, from new construction to cash-out refinances, land development, and more. We specialize in construction funding, bridge funding, and conventional term financing.
With deep capital-market relationships and an experienced team, Nelson Funding places high-leverage debt across all deal types, including land development, single-family construction, multifamily construction, industrial, office, retail, hospitality, special-use, cannabis, and more.
