Nelson Funding is pleased to announce the successful closing of a $70,200,000 construction facility for Wakara, a premier luxury residential development located in the high-growth corridor of the greater Park City market.
This significant transaction provided a comprehensive capital solution by refinancing existing debt and securing the vertical construction financing required for the next phase of development: 50 luxury single-family homes. As a leader in utah master plan community financing, Nelson Funding worked closely with the developer to structure a loan that supports both the immediate build-out and the long-term vision of this gated mountain enclave.
Transaction Highlights
- Loan Amount: $70,200,000
- Property Type: Luxury Single-Family Residential (SFR) Development
- Location: Wakara | Greater Park City / Jordanelle Basin, UT
- Purpose: Debt Refinance & Construction of 50 Single-Family Homes
- Loan Class: Utah luxury single family construction loans
Pioneering Utah Homebuilder Finance
The Wakara development is situated in one of the most prestigious regions in the Intermountain West, overlooking the Jordanelle Reservoir with views of Deer Valley. Financing a project of this scale—encompassing 180 acres and substantial infrastructure—requires a partner that moves beyond the limitations of traditional bank underwriting.
By utilizing utah spec construction loans, the developer has secured the liquidity to build without the restrictive pre-sale hurdles often found in the institutional market. This flexibility allows the project to maintain its premium status and capture the height of market demand upon home completion.
“A $70.2 million closing in today’s environment speaks to the quality of the Wakara project and the strength of our lending network,” said Dylan Nelson, Founder and President of Nelson Funding. “We specialize in utah homebuilder finance for large-scale master-planned communities. By providing certain execution and high-leverage construction debt, we ensure that visionary projects like Wakara have the runway they need to define the next generation of Park City luxury living.”
Specialized Capital for the Wasatch Back
Nelson Funding continues to be a top choice for developers seeking utah hard money loans and private construction debt for trophy assets. Our expertise in the Wasatch Back market allows us to quickly assess and fund complex multi-phase developments.
Our utah master plan community financing programs offer:
- High-Leverage Construction: Competitive LTC to maximize developer equity.
- Refinance & Cash-Out Options: Unlocking equity from horizontal improvements to fund vertical builds.
- Spec-Friendly Underwriting: Aggressive terms for utah spec construction loans in tier-one mountain markets.
- Speed & Certainty: Closing large-scale facilities in a fraction of the time required by national banks.
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.
