The borrower is requesting a $120,000 loan to refinance a single-family residence located in Mulberry, Florida. The property consists of 3 bedrooms, 3 bathrooms, and approximately 2,916 square feet of living area. The borrower’s exit strategy is the retail sale of the subject property upon completion of the planned renovations.
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
