Nelson Funding Arranges $17.7 Million Multifamily Refinance in Rathdrum, Idaho
Nelson Funding is proud to announce the successful arrangement of a $17.7 million multifamily refinance in Rathdrum, Idaho. This strategic financing deal highlights Nelson Funding’s expertise in securing competitive terms that benefit property owners.
Key Highlights of the Deal:
- Large Cash-Out: The refinance provided significant cash-out, giving the property owner the flexibility to fund future investments or improvements.
- Low Occupancy: The property recently secured certificate of occupancy and in turn has a low occupancy. Nelson Funding was able to structure a long term deal with low occupancy.
- Attractive Rate: With a competitive interest rate in the 6% range, this deal offers an affordable financing option for long-term stability.
- 30-Year Amortization: The refinance comes with a 30-year amortization period, ensuring manageable monthly payments and sustained cash flow.
- Interest-Only Period: An interest-only period was included, allowing the borrower to focus on maximizing returns without the immediate pressure of principal payments.
Nelson Funding’s team of experts worked closely with the client to understand their unique needs, ensuring that the final terms aligned perfectly with their financial goals. This successful refinancing deal showcases the company’s commitment to providing tailored financial solutions for multifamily property owners across the country.
Why Choose Nelson Funding? Nelson Funding is a trusted leader in multifamily financing, known for delivering flexible and customized loan options. Whether you’re looking for cash-out refinancing, attractive rates, or long-term stability, Nelson Funding can help you achieve your property investment objectives.
If you’re interested in exploring financing solutions for your multifamily property, contact Nelson Funding today and discover how we can assist you in securing the best terms for your next investment.
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
