Borrower requested a $112,000 loan to purchase a single family, fix and flip property in Hudson, Florida. The property was being purchased for $160,000 and the borrower has a $47,500 remodel planned including a new roof, full kitchen & bathroom remodel along with paint and flooring and more. Borrower plans to self perform and fund the remodel and then 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
