Nelson Funding Closes $619,500 Construction Loan for a Luxury Home in Waxhaw, NC

Nelson Funding recently closed a $619,500 construction loan for a ground-up luxury single-family home in Waxhaw, North Carolina.

The loan is at 85% of project cost. Waxhaw is in Union County, just south of Charlotte, where a small-town feel and new construction keep buyers coming. We take on single-home deals like this one as readily as eight-figure projects.

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Transaction Highlights

• Loan Amount: $619,500
• Property Type: Luxury single-family residence
• Location: Waxhaw, NC (Union County)
• Loan Purpose: Ground-up construction
• Leverage: 85% LTC

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“Not every good project is a big one,” said Dylan Nelson, Founder and President of Nelson Funding. “This builder needed a lender who would move quickly on a single home, and we were glad to do it.”

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Building in the Carolinas? Contact Nelson Funding at 801-845-0092 or NelsonFunding.com.

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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.