Borrower requested an $80,000 loan to refinance a single-family property in Hephzibah, GA. The property, built in 1990 offers 3 bedrooms, 1.5 bathrooms, and 1,344 square feet of living space on a 5.01-acre lot. The borrower plans to use loan proceeds to satisfy the owing balance and complete renovations. Once stabilized, the property will be listed for sale or refinanced into a DSCR loan as a rental.
Collateral:
Type: Refinance
Description:
This is a $70,000 refinance loan request, secured by a single-family residence located in Panama City, Florida. The subject property was built in 1952 and consists of a 4-bedroom, 3-bathroom home with a one-car garage, totaling 2,416 square feet, along with an oversized detached garage, situated on one acre of land. Borrower exit strategy is to either retain the property as employee rental or sell the property.
- Loan Amount: $70,000
- Date: December 2025
