Borrower requested a $120,000 loan to purchase a single-family, fix and flip property in Hudson Florida. The borrower paid $187,500 for the property and had a $35,000 construction budget planned. ARV is estimated $250,000-$275,000. The borrower owns a construction management company and performs the construction with his own crew.
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
