Nelson Funding Closes $9,045,169 Construction Loan for 23 SFRs in Auburn, CA

11 Nov Nelson Funding Closes $9,045,169 Construction Loan for 23 SFRs in Auburn, CA

We are pleased to announce the recent closing of a $9,045,169 senior construction loan in Auburn, California. The loan proceeds will go towards constructing 23 single family homes in the Auburn, California housing market. The borrower is a repeat client of Nelson Funding. The team at Nelson Funding was able to quickly identify and get terms from a reputable and easy to work with senior construction lender. The financing is representative of 79% LTC with an attractive rate based off of Prime.

Nelson Funding is an expert at arranging construction loans for land development, single family, multifamily, and commercial projects. With a wide capital base of banks, credit unions, life insurance, companies, private debt funds, hedge funds, family offices, and private investors the team at Nelson Funding has deep relationships and the ability to structure construction loans that work for our clients.

Nelson Funding is a nationwide commercial loan broker and correspondent 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 Dallas, Texas area 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.

If you have a scenario you would like us to review, send us an email at loans@nelsonfunding.com or visit our webpage nelsonfunding.com.