This is a $100,000 ($75k At closing) new construction loan request for a single-family home in Fort Myers, Florida. The home would have 3-bedroom, 2-bathroom totaling 1,438 square feet of living space, including a two-car garage. His exit strategy for the subject loan is to sell the completed home.
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