Borrower requested a $1,900,000 loan to refinance a single-family property in Delray Beach, Florida. The property features 7 beds and 7 baths at 5,342 sq/ft with a 3-car garage on a 2.5-acre equestrian property in a gated Tierra Del Ray community and is fully renovated and updated. The borrower plans to 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