This is a $150,000 new construction loan request, secured by a single-family home under construction and an adjacent vacant lot, both located in Lakeland, Florida. The subject is 3-bedroom, 2-bathroom home, totaling 1,085 square feet, which includes a two-car garage. Their planned exit strategy 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
