Borrower requested a $150,000 loan to purchase a 4,212 square foot commercial building located in Largo, FL. Borrower is a Church, and the church plans to remodel the building to fit their specific religious needs. Property had a roof replacement in 2017, and is zoned for retail stores.
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