Nelson Funding recently closed a $2,230,250 construction loan for a ground-up luxury single-family home in Parrish, Florida.
We funded 100% of the project cost, so the builder broke ground without tying up their own cash. Parrish is in northern Manatee County, one of the faster-growing parts of the Tampa Bay region, and new luxury homes there have steady buyer interest.
Transaction Highlights
- Loan Amount: $2,230,250
- Property Type: Luxury single-family residence
- Location: Parrish, FL (Manatee County)
- Loan Purpose: Ground-up construction
- Leverage: 100% LTC
“This builder had a clear plan and wanted to keep their capital free for the next lot,” said Dylan Nelson, Founder and President of Nelson Funding. “Funding the whole build let them do that.”
Building in Florida? 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.
