Borrower requested an $80,000 loan to refinance a single-family property in Hephzibah, GA. The property, built in 1990 offers 3 bedrooms, 1.5 bathrooms, and 1,344 square feet of living space on a 5.01-acre lot. The borrower plans to use loan proceeds to satisfy the owing balance and complete renovations. Once stabilized, the property will be listed for sale or refinanced into a DSCR loan as a rental.
Collateral:
Type: New Construction
Description:
This is a $120,000 new construction loan request secured by a single-family home located in Spring Hill, Florida. The property is being built as a 4-bedroom, 2-bathroom residence with a 2-car garage, totaling 2,123 square feet. The home is fully dried in, with interior drywall and texture finished, bathroom tile installed, and all exterior work complete except for landscaping and the driveway. The planned exit strategy is to sell the property upon completion.
- Loan Amount: $120,000
- Date: September 2025
