Borrower requested a $60,000 loan to refinance a single-family property in Jacksonville, Florida. The property, built in 1962, features 3 bedrooms, 2 bathrooms, and 1,226 square feet of living space on a 0.24-acre lot. The exit strategy is to refinance 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