Nelson Funding is pleased to announce the closing of a $1,080,000 hotel bridge loan Salt Lake City, Utah. The borrower was under a tight timeframe to close as their existing mortgage was maturing. Nelson Funding was able to secure a verbal approval from a trusted...
Nelson Funding is pleased to announce the closing of a $850,525 land development loan in Riverton, Utah. The loan will be used to develop three single family luxury lots in a very desirable area of Riverton. The loan will also be used to renovate an...
Nelson Funding is pleased to announce the closing of a $17,351,206 construction loan for a Class A 101-unit multifamily development in Salt Lake City, UT for a repeat borrower. Nelson Funding was able to move quickly when the borrower was under a tight deadline to...
Nelson Funding is pleased to announce the closing of a $1,149,000 multifamily bridge loan in Ogden, UT for a repeat borrower. The loan included 80% of the purchase price and 100% of the necessary renovations at 7.99%. Nelson Funding was able to move quickly when...
Nelson Funding is proud to announce the closing of a $4,650,000 bridge loan in Ogden, UT for a repeat borrower. The borrower needed to close quickly and required a 12 month term to stabilize the 50 unit multifamily property before securing permanent financing. Nelson Funding...
Nelson Funding is proud to announce the closing of a 100% LTC $2.7m bridge loan. The loan proceeds will be used to acquire an assisted living facility in the Greater Chicago Area. The borrower wanted a loan that utilized the implied value in the property...
Nelson Funding is pleased to announce the closing of a $745,000 SBA 7(a) loan in Payson, UT. The client required a high leverage (85% LTC) loan which Nelson Funding was able to originate. The funds will be used to purchase and renovate an existing building...
Nelson Funding is pleased to announce the closing of a $5,290,632 loan to refinance 16 lots, one existing home, and fund vertical construction of six homes in Beaverton, Oregon. Nelson Funding secured a 77% LTC senior loan at 11% interest for our repeat borrower. The...
Nelson Funding is pleased to announce the closing of a $1,597,500 bridge loan for a 21-unit multifamily building in Ogden, Utah. The borrower needed to close quickly and Nelson Funding was able to perform when other lenders couldn’t. Nelson Funding provided a bridge loan at...
Nelson Funding is pleased to announce the closing of a $2,040,000 bridge loan for a 28-unit multifamily building in Ogden, Utah. Nelson Funding was able to close quickly and perform when other lenders backed out. The bridge loan carried an interest rate of 8.875% at...
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