Borrower is requesting a $3,700,000 loan to refinance a single-family residence in Fort Lauderdale, FL. The 5,130-square-foot home has 4 bedrooms and 6 bathrooms, with canal access, a new elevated seawall, a heated pool, impact glass, and a chef’s kitchen. The borrower’s exit strategy is a sale of the property.
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
