Borrower requested a $315,000 loan to purchase a triplex property in Lakeland, Florida. The property features 3 units, each with 2 beds and 2 baths at 2,919 total sq/ft. The borrower plans to refinance as an exit to the 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
