Nelson Funding is pleased to announce the successful closing of a $1,634,625 bridge loan for the development of residential building lots in Boydton, Virginia. This financing provides the necessary capital to bridge the gap between land acquisition and the construction phase of a new single-family residential (SFR) subdivision.
As a specialist in homebuilder finance, Nelson Funding structured this facility to provide the borrower with the liquidity needed to finish site improvements and prepare the lots for vertical development.
Transaction Overview
- Loan Amount: $1,634,625
- Property Type: Single-Family Residential Subdivision (Building Lots)
- Location: Boydton, VA
- Loan Purpose: Bridge to Construction / Lot Development
- Key Financing Class: Bridge loans for SFRs
Empowering Regional Homebuilders
The Boydton market is seeing increased demand for high-quality housing, making timely site preparation critical for local developers. By utilizing our bridge loans for SFRs, the borrower was able to secure the site and move forward with horizontal infrastructure without the lengthy delays often associated with traditional bank financing.
This loan serves as a strategic precursor to SFR construction loans, allowing the developer to maximize the project’s value before moving into the home-building phase.
“At Nelson Funding, we understand that site development is the foundation of a successful community,” said Dylan Nelson, Founder and President of Nelson Funding. “This $1.6M bridge loan in Boydton demonstrates our commitment to providing flexible, fast-acting capital for developers who need to move quickly in today’s housing market. We take pride in being a reliable partner for homebuilder finance across the Mid-Atlantic.”
About Nelson Funding
Nelson Funding is a leading commercial real estate mortgage brokerage firm that provides creative capital solutions for developers and investors nationwide. We specialize in:
- Bridge loans for SFRs and multifamily assets.
- SFR construction loans for spec and pre-sold projects.
- Comprehensive homebuilder finance programs tailored to project timelines.
With a focus on speed and certainty of execution, Dylan Nelson and his team work to ensure that complex land and development deals reach the finish line.
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.
