Nelson Funding recently closed a $3,850,000 bridge loan for an ultra-luxury single-family home in Longboat Key, Florida.
The loan is at 100% of cost and gives the builder the capital to finish construction and carry the home until it sells. The last stretch of a luxury build on a barrier island is expensive, and this lets the builder complete the house and sell it on their own timeline.
Transaction Highlights
- Loan Amount: $3,850,000
- Property Type: Ultra-luxury single-family residence, ground-up construction
- Location: Longboat Key, FL
- Loan Purpose: Finish construction and bridge to sale
- Leverage: 100% LTC
“Finishing a high-end home shouldn’t be rushed by a loan coming due,” said Dylan Nelson, Founder and President of Nelson Funding. “We gave this builder room to complete it and sell it right.”
Finishing a build 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.
