Borrower requested a $325,000 loan to refinance a mixed-use property in Bradenton, Florida as well as a single-family residence in Palmetto, Florida. The Property features 2 retail units at 1,485 sq/ft. Borrower plans to lease the property for an annual rent after the renovation and refinance 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