Nelson Funding recently closed a $2,832,700 construction loan for a ground-up luxury single-family home in Sarasota, Florida.
The loan covers 100% of the project cost. Land and build costs on the Gulf Coast run high, and keeping equity out of one house leaves the builder room to start the next.
Transaction Highlights
- Loan Amount: $2,832,700
- Property Type: Luxury single-family residence
- Location: Sarasota, FL (Sarasota County)
- Loan Purpose: Ground-up construction
- Leverage: 100% LTC
“Building on the Gulf Coast takes a lot of capital up front,” said Dylan Nelson, Founder and President of Nelson Funding. “We’d rather put our money to work than ask a good builder to wait.”
Planning a build on the Gulf Coast? 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.
