This request is for a $380,000 new construction loan for a luxury single-family residence in Wimauma, Florida. The planned residence will offer 4,036 square feet of living space, including four bedrooms, four bathrooms, an office suite that can double as an additional bedroom, and two separate two-car garages, all situated on 5.42 acres. The borrower plans to list the property for sale as an exit strategy from 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
