The collateral is a 1971-built, 1,068 SF concrete block stucco single-family residence featuring 2 bedrooms and 1 bathroom, situated on a 0.13-acre seawalled canal-front lot. The borrower plans to refinance as the primary exit strategy.
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