Nelson Funding recently closed an $850,000 bridge loan secured by a second lien on an existing hotel in Salt Lake City. The borrower was a repeat client, so we underwrote the asset’s value, its in-place cash flow, and a track record we already knew. That made for a fast, clean close.
The structure pulled additional liquidity from the hotel’s existing equity while leaving the senior loan in place. For an owner with attractive senior financing already locked in, that’s the appeal of a second-lien bridge: access to capital without refinancing a loan you’d rather keep.
Transaction Highlights
- Loan Amount: $850,000
- Property Type: Existing hotel (hospitality), second lien
- Location: Salt Lake City, UT (Salt Lake County)
- Loan Purpose: Subordinate (2nd-position) bridge financing
“Hospitality owners need a lender who understands both the asset and the urgency,” said Dylan Nelson, Founder and President of Nelson Funding. “We move quickly and structure around the deal, not against it.”
Financing a hospitality or commercial project? 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.
