The borrower has requested a $400,000 loan to refinance three duplex properties in Tampa, Florida. The properties feature a total of 6 beds and 6 baths, with a combined 3,264 square feet of living space. Each unit includes 1 bed, 1 bath, and 544 square feet. The borrower plans to sell the subject properties as part of his exit strategy from 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
