Borrower requested a $125,000 loan to refinance a single-unit condominium located in Bradenton, Florida. The property features 2 beds and 2 baths at 1,030 sq/ft. The property is currently tenant occupied. The borrower is using the loan proceeds for another business venture and plans to refinance the property as an exit to this 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
