Borrower requested a $1,650,000 loan to purchase a property located at Danube Ave, Tampa, FL, on Davis Island. The borrower additionally pledged 2 other free and clear assets to the loan, and intends to build new construction townhomes on the Davis Island property. The borrower plans to sell the new construction townhomes after completion as an exit from 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
