Borrower requested a $110,000 loan to refinance a single-family property in Frost Proof, Florida. The property features 3 beds and 1 bath at 1,153 sq/ft on a 6,612 sq/ft lot. The borrower plans to refinance or pay off this loan with the proceeds of a new flip project.
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
