This new construction loan request is intended to develop a single-family home located at Mark Dr, Largo, FL. The subject property will feature 5 bedrooms, 4 bathrooms, a 3-car garage, and a private pool across 5,159 sq. ft. of living space. The subject property and the secondary collateral are located in the Collins Estates in Largo, FL. To secure the loan, the borrower pledged an additional piece of collateral at Rebecca Court, Largo, FL. The borrower intends to sell the property upon completion.
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
