Nelson Funding is pleased to announce the successful closing of a $6,585,425 combined facility to support a strategic residential expansion in Gainesville, Texas. This dual-purpose financing package provides a vertical construction line for eight single-family homes and a bridge loan secured by an 81-lot subdivision.
As a specialist in Texas homebuilder finance, Nelson Funding structured this deal to provide the developer with immediate liquidity for land-heavy assets while simultaneously funding ground-up development. This allows the sponsor to maintain momentum on their current builds while preparing the larger 81-lot inventory for future phases.
Transaction Highlights
- Total Loan Amount: $6,585,425
- Property Type: 8 Single-Family Construction Homes + 81-Lot Subdivision
- Location: Gainesville, TX (Cooke County)
- Loan Purpose: Texas ground up construction & Strategic Lot Bridge
- Asset Class: Texas spec construction loans
Unlocking Potential in the North Texas Corridor
Gainesville continues to grow as a key residential hub north of the DFW Metroplex. For developers in this region, the ability to bridge land equity into vertical capital is essential. By utilizing Texas hard money loans, our client was able to bypass the slow, conservative underwriting of local community banks to hit their building schedule.
Our Texas spec construction loans were particularly vital for this project, offering:
- No Pre-sale Requirements: Allowing the builder to capitalize on market values upon completion.
- Strategic Lot Bridging: Providing the runway to hold 81 lots until horizontal improvements or market conditions trigger the next vertical phase.
- Flexible Underwriting: Focusing on the “as-completed” value and the builder’s execution capability.
“The Gainesville market is a prime example of the growth happening just outside the major metros,” said Dylan Nelson, Founder and President of Nelson Funding. “Closing this $6.5M+ facility demonstrates our ability to solve complex puzzles for our clients—combining Texas ground up construction financing with a land bridge in a single, seamless execution. We are committed to being the premier partner for Texas homebuilder finance.”
Your Partner for Texas Construction & Private Lending
Nelson Funding remains a leader in the Texas market, providing the speed and certainty of Texas hard money loans for residential and commercial developers. Whether you are building an individual luxury spec or a master-planned subdivision, we have the capital to see your project through.
Our Texas programs feature:
- High Leverage: Competitive Loan-to-Cost (LTC) for ground-up projects.
- Rapid Funding: Efficient turnaround from term sheet to closing.
- Custom Draws: Streamlined inspection processes to keep your job site moving.
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.
