Borrower requested a $175,000 loan to acquire a single-family property in Tampa, Florida. The property features 2 bedrooms and 1 bath at 800 sq/ft. The property has recently undergone a comprehensive renovation and is in excellent condition. The borrower plans to lease the property as an annual rental and plans to refinance as an exit to this 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
