Nelson Funding recently closed a $28,818,000 construction loan revolver to fund a 65-home single-family subdivision in Galt, California. The facility covers everything from infrastructure and horizontal work through vertical construction, with a limited partner (LP) equity participation from Nelson Funding on top of the debt. It’s one of our largest high-leverage homebuilder closings to date.
We put the whole capital stack together: a senior revolver at 90%+ loan-to-cost and 65–70% loan-to-value, plus a slug of our own LP equity. Because it revolves, the facility recycles capital from land development through finished homes across all 65 units, so the builder never has to paper a new loan at each phase. Galt sits in one of California’s most active homebuilding corridors, where attainable for-sale housing is in chronic short supply and conservative bank financing rarely stretches this far.
Transaction Highlights
- Loan Amount: $28,818,000 (construction revolver)
- Property Type: 65-unit single-family residential subdivision
- Location: Galt, CA (Sacramento County)
- Loan Purpose: Infrastructure + horizontal + vertical construction
- Leverage: 90%+ LTC / 65–70% LTV
“This is the kind of full-stack execution that sets us apart,” said Dylan Nelson, Founder and President of Nelson Funding. “Closing a revolver at this size and stepping in with LP equity alongside it shows we don’t just lend; we partner with developers to get all 65 homes built.”
Building a subdivision? 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.
