The borrower has requested a $305,000 loan to refinance a single-family property located in St. Petersburg, Florida. The property consists of 4 bedrooms and 2 bathrooms, totaling 1,635 square feet. It recently underwent a complete interior remodel. The borrower intends to refinance the property as an exit strategy for 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
