The borrower requested a $200,000 loan to purchase/refinance a single-family property in Tampa, Florida. The property features 2 beds and 2 baths at 1,560 sq/ft on a 1.3-acre lot. The borrower plans to complete a remodel and then sell the property as an exit to the 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