Borrower requested a $500,000 loan to purchase a single-family, fix and flip property in Dunedin, Florida. The borrower paid $665,000 for the property and has an $80,000 construction budget planned. The renovation will include a roof and AC replacement with a complete cosmetic upgrade. The property features 3 beds and 2 baths at 1,796 sq/ft.
Collateral:
Type: New Construction
Description:
Borrower has requested $125,000 to complete construction of a two-story, wood-frame duplex in Augusta, GA. Each unit of the duplex will offer 1,580 square feet of living space, with 794 square feet on the first floor and 786 square feet on the second. The borrower’s primary exit strategy is to sell the completed duplex.
- Loan Amount: $125,000
- Date: October 2026
