Borrower requested a $48,000 loan to purchase a manufactured mobile home, fix and flip property in Wesley Chapel, Florida. The property was purchased for $80,000 and the borrower has a $25,000 cosmetic remodel planned including a full kitchen & bathroom remodel along with paint and flooring and more. Borrower plans to complete the remodel and sell for a profit.
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
