New Loan Funded!

Edwards Rd, Hephzibah, GA

Collateral:

Edwards Rd, Hephzibah, GA

Description:

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:

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.

Collateral:

Type:

Description:

Borrower requested a $190,000 loan modification to purchase a single-family property in Milton, FL. The property features 4 bedrooms and 3 bathrooms at 1,877 square feet of living space on 1.03 acres. The borrower plans to sell both homes as an exit strategy.

Collateral:

Description:

Borrower requested a $160,000 Fix & Lease loan secured by a single-family property in Zephyrhills, FL. The home features 2 bedrooms, 1.5 bathrooms with 1,080 square feet of living space, a 1 car garage and an inground pool on 0.22 acres. Once the renovations are complete, the borrower intends to refinance into a DSCR loan as the main exit strategy. As a secondary exit the borrower is open to selling the home.