Nelson Funding Closes $14,000,000 Financing for Ultra-Luxury Spec Homes in Hurricane, UT

Nelson Funding recently closed a $14,000,000 loan for ultra-luxury spec homes in Hurricane, Utah.

The loan does two jobs. It recapitalizes a home the builder already has underway and provides the capital for their next builds. Hurricane sits near Zion National Park and Sand Hollow in southern Utah, a draw for second-home buyers at the high end.

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Transaction Highlights

• Loan Amount: $14,000,000
• Property Type: Ultra-luxury spec single-family homes
• Location: Hurricane, UT (Washington County)
• Loan Purpose: Recapitalize an existing build and fund the next builds

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“This builder had momentum and didn’t want to stop between projects,” said Dylan Nelson, Founder and President of Nelson Funding. “Pulling equity from the current build and funding the next ones in the same deal keeps them moving.”

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Building in southern Utah? Contact Nelson Funding at 801-845-0092 or NelsonFunding.com.

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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.