Nelson Funding is pleased to announce the successful closing of $2,609,712 in construction financing for a seven-home single-family residential project in Boydton, Virginia. This transaction highlights our commitment to providing reliable, high-leverage Virginia homebuilder finance for developers scaling their portfolios.
The financing was structured for a repeat borrower, demonstrating the strength of the long-term relationships Nelson Funding builds with its clients. By offering flexible underwriting that accounted for the developer’s proven track record, we secured the capital necessary to move these homes from horizontal development into vertical construction.
Transaction Highlights
- Total Loan Amount: $2,609,712
- Project Type: Seven (7) Ground-Up Single-Family Residences
- Location: Boydton, VA
- Loan Structure: Single family construction spec loans
- Lending Profile: High-leverage, flexible underwriting for a repeat sponsor
- Market Sector: Virginia single family construction loans
Custom Solutions for Spec Homebuilders
In today’s market, securing aggressive terms for spec builds requires a lender that understands the nuances of local demand. For this Boydton project, Nelson Funding provided a streamlined draw process and competitive loan-to-cost (LTC) metrics, allowing the builder to break ground on all seven units simultaneously.
These single family construction spec loans are designed to provide maximum liquidity, ensuring that homebuilders can maintain momentum without the restrictive pre-sale requirements often imposed by traditional banks.
“Working with repeat borrowers is the highest compliment we can receive,” said Dylan Nelson, Founder and President of Nelson Funding. “By providing consistent, high-leverage Virginia homebuilder finance, we enable our clients to focus on what they do best—building quality homes. This $2.6M+ closing in Boydton is a perfect example of how flexible underwriting can accelerate a developer’s timeline and help them capture market opportunities efficiently.”
Your Partner for Virginia Construction Financing
Nelson Funding continues to expand its footprint in the Mid-Atlantic, providing specialized Virginia single family construction loans for projects ranging from individual luxury specs to multi-unit subdivisions.
Our construction programs feature:
- High Leverage: Competitive LTC for qualified builders.
- Spec-Friendly Terms: Minimal to no pre-sale requirements in growth markets.
- Fast Funding: Efficient draw turnarounds to keep subcontractors on schedule.
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.
