Nelson Funding is proud to announce the successful closing of a $1,144,265 construction loan for three ground-up single-family residences in Boydton, Virginia. This transaction underscores our continued commitment to providing high-leverage Virginia homebuilder finance for developers focused on high-growth residential corridors.
This facility was structured for a repeat borrower, highlighting the trust and efficiency Nelson Funding brings to long-term developer partnerships. By delivering a streamlined capital solution, we enabled the sponsor to move immediately into the vertical construction phase, bypassing the delays often associated with traditional regional banks.
Transaction Highlights
- Loan Amount: $1,144,265
- Project Type: Three (3) Ground-Up Single-Family Residences
- Location: Boydton, VA
- Borrower Profile: Repeat Sponsor
- Loan Class: Virginia single family spec loans
- Financing Type: Virginia ground up construction
Strategic Capital for Virginia Homebuilders
Boydton and the surrounding Southern Virginia market are seeing an increased demand for modern, single-family inventory. For developers looking to scale, timing and liquidity are paramount. Nelson Funding utilized its expertise in Virginia private money to offer flexible underwriting that rewarded the borrower’s proven track record.
Our Virginia single family spec loans are designed to help builders maintain velocity without the friction of pre-sale requirements. This $1.1M+ closing allows the developer to focus on build quality and site management while benefiting from a reliable, predictable draw schedule.
“There is no better indicator of success than a repeat borrower returning to us for their next project,” said Dylan Nelson, Founder and President of Nelson Funding. “Our goal is to be the primary engine for Virginia homebuilder finance. By providing Virginia ground up construction capital that is both fast and flexible, we help our clients turn empty lots into vibrant new homes across the Commonwealth.”
Your Partner for Virginia Residential Development
Nelson Funding remains a premier source for developers seeking Virginia private money for residential projects. Whether you are building an individual luxury spec or a small-scale subdivision, we provide the capital and certainty of execution you need.
Our Virginia programs offer:
- High-Leverage Construction: Up to 85% LTC for qualified repeat builders.
- Spec-Friendly Terms: No pre-sale hurdles in active growth markets.
- Streamlined Execution: Efficient closing and draw processes to keep projects on track.
- Private Money Flexibility: Underwriting based on project viability and builder experience.
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.
