Borrower requested a $135,000 loan to refinance 2 manufactured mobile home parcels in
Land O’Lakes, Florida. The property at Henry Dr was purchased in 2018 and features 2 beds and 2 baths at 1,140 sq/ft, and the property located on Dove Rd was purchased in 2017 and features 2 beds and 1.5 baths at 946 sq/ft. Both properties are leased as annual rentals.
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
