Borrower requested a $250,000 construction loan to build a single-family properly in Hernando, Florida. Borrower has a $400,000 total construction budget planned which DKC will provide a draw schedule to complete. The property will feature 4 beds, 2.5 baths and a two-car garage at 2,117 heated sq/ft. The borrower plans to refinance as an exit from 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
