This request is for a $450,000 new construction loan, secured by a single-family home located in Tampa, Florida. The project consists of a 3-bedroom, 4-bathroom single-family residence totaling 2,275 square feet of living area, along with a two-car garage, an in-ground pool, and a detached pool house comprising an additional 575 square feet. The primary exit strategy is a retail sale.
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