Nelson Funding is pleased to announce the successful closing of a $2,850,000 predevelopment loan secured by land in Desert Hot Springs, California. The loan proceeds will be used to fund key predevelopment costs for a planned commercial project, providing the borrower with the capital needed to move efficiently toward construction.
Despite a challenging location and early-stage project needs, Nelson Funding structured a creative solution that met the borrower’s objectives. The transaction included flexible lien release provisions as individual pads are sold off, allowing the developer to unlock value as the project progresses. This closing further demonstrates our ability to deliver specialized financing for commercial land loans and predevelopment funding in California.
Transaction Highlights
- $2,850,000 commercial land loan
- Funds allocated for predevelopment costs
- Challenging location in Desert Hot Springs, CA
- Flexible lien release as pads sell
- Tailored terms to support project milestones
If you are seeking commercial land loans, predevelopment loan solutions, or California land loans for acquisition, entitlement, or development, Nelson Funding can help secure competitive capital for your next project.
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.
