Borrower requested a $135,000 loan to purchase a single family home in Lecanto, Florida. The borrower paid $180,000 for the property that features 3 beds and 2 bath’s at 1,550 sq/ft. Borrower plans to complete the renovation and then sell the property once finished.
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
