This is a $175,000 new construction loan request for a single-family home in Deland, FL. The planned property includes three bedrooms, two bathrooms, an office, and a 2-car garage, totaling 2,317 square feet of living space and 3,292 square feet overall. The borrowers will sell the property 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