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:
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