This loan was for a $350,000 new construction project secured by a single-family residential property located in Spring Hill, Florida. The final build consists of 4-bedroom, 3-bathroom single-family home with a 2-car garage, totaling 2,364 heated square feet. The primary exit strategy is a sale of the completed property.
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