Borrower requested a $234,000 loan to purchase a single-family property in Bradenton, Florida. The borrower paid $359,000 for the property and plans to use the property as an Airbnb or long term rental. The property features 2 bedrooms, 1 bath, at 1,117 sq/ft and is move in ready. Borrower has been approved for a 80% LTV refinance as an exit to this loan.
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
