The borrower has requested a $1,175,000 loan to refinance two single-family properties located in Palm Harbor, Florida. The properties feature 5 bedrooms, 4 bathrooms, 2,545 square feet, and 2 bedrooms and 2 bathrooms, 1,055 square feet. The borrower intends to refinance as an exit strategy for the loan but is also considering selling other real estate assets to satisfy the debt.
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
